The Airports Corporation of Vietnam (ACV) commenced construction work for the new Long Thanh International Airport in December 2020. This is an airport development project planned 40 km east of Ho Chi Minh City to alleviate traffic congestion at Tan Son Nhat International Airport, currently the largest airport in the country.
The first phase of construction work for Long Thanh International Airport will cover a 4-km-long runway with a 75-meter width and a 373,000 square meter terminal, which is forecast to exceed its capacity of 25 million passengers and 1.2 million tons of cargo a year. Dong Nai Province, where the airport will be built, has already handed over 1,800 hectares of land needed for the first phase. This phase is expected to be completed in 2025.
In the second phase, the ACV will develop the second runway and expand the passenger terminal to raise its capacity to 50 million passengers and 1.5 million tons of cargo a year. In the final phase, the capacity of the airport in Dong Nai Province will be increased to 100 million passengers and 5 million tons of cargo a year.
The total cost of the project is estimated to be USD 5.4 billion. The ACV has signed memoranda of understanding with 12 organizations for funding the project. At a reception in Hanoi on October 26, 2020, Vietnamese Prime Minister Nguyen Xuan Phuc also encouraged the US International Development Finance Corporation (DFC) to invest in Long Thanh International Airport and other major projects, such as the North-South Expressway.
(Sources: VnExpress; Vietnam Plus; Global Construction Review)