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Friday, July 19, 2024

Binh Dinh to invest VND7.3 trillion in Phu Cat airport expansion

The Saigon Times

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HCMC – The south-central province of Binh Dinh is making preparations for the Phu Cat airport expansion project.

The province will carry out three key construction components at a total cost of VND7.3 trillion.

In the first component, a second runway and other necessary infrastructure will be developed from 2024 to 2027, with around VND3,013 billion required, inclusive of spending on site clearance.

The second component involves the removal of military facilities to clear land for civil airport expansion from 2027 to 2032. It will require VND1,207 billion.

Funding for the first two components will be sourced from the State budget.

The third one focuses on the construction of the civil aviation area, encompassing the expansion of aircraft landing facilities, the construction of passenger terminal 3, airport operation buildings, parking lots, and jet fuel supply areas.

This component will be executed through a public-private partnership (PPP), with work slated to be executed from 2027 to 2032. The estimated cost of this phase is VND3,132 billion, sourced from both the state budget and the private sector.

Phu Cat airport is planned to serve as a domestic airport for both military and civilian purposes.

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