HCMC – The Airports Corporation of Vietnam (ACV) is set to begin construction on the T3 passenger terminal at Tan Son Nhat International Airport in the third quarter of 2021 and put it into service in 2023, thus easing the pressure on the existing Terminal T1, which has been overloaded due to a huge volume of passengers.
Earlier, under the prime minister’s decision, ACV was appointed as the investor for the project with a capacity of 20 million passengers per year.
The project will require a total investment of some VND10.99 trillion, backed by ACV’s funding sources but not by the State budget. It will take 37 months to be completed.
ACV is setting up a management board to map out, appraise and approve the project’s feasibility. The State-owned airport operator is also working with the municipal government of HCMC to conduct procedures to receive land handed over by the Ministry of National Defense.