HCMC – The Imex Pan Pacific Group (IPPG) has proposed the Transport Ministry allow it to participate in the Phu Quoc International Airport expansion project off the coast of Kien Giang Province.
IPPG wants to invest in the airport’s international terminal, cargo terminal, warehouse, and runway, which need private sector investment, said Johnathan Hanh Nguyen, board chairman of IPPG, reported the local media.
The proposal was made following the Government’s plan to call for private sector investment in some components at the airport on the tourist island of Phu Quoc. The Transport Ministry and the Kien Giang government are adjusting a zoning plan to expand the Phu Quoc airport in the 2021-2030 period, with a vision toward 2050.
Earlier, IPPG was involved in the development of the international terminal of the Cam Ranh airport in the south-central province of Khanh Hoa, with a total investment of nearly VND3.74 trillion. It also proposed the establishment of the IPP Air Cargo Company.
The Phu Quoc airport is currently being managed and operated by the Airports Corporation of Vietnam. It can serve 2.5 million passengers per year. In 2019, some 3.7 million passengers traveled through the airport, exceeding its designed capacity.