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Thursday, June 20, 2024

Long Thanh airport terminal package seen bringing big return

The Saigon Times

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HCMC – Investors who win a bid for constructing the passenger terminal at Long Thanh International Airport would be able to make a maximum profit of VND525 billion, according to Vietcap Securities JSC.

The construction of the phase-one Long Thanh International Airport is scheduled to be completed in 39 months, allowing the projected profit to be realized within three to 3.5 years.

Bidding package 5.10, which entails the construction and installation of equipment for the passenger terminal at the airport, has attracted interest from potential contractors.

Three consortiums, consisting of foreign and local contractors, have submitted their bids for construction of the passenger terminal at Long Thanh. The first consortium is CHEC-BCEG-Vietnam Contractors, which consists of two Chinese contractors, China Harbour Engineering Company Limited and CHEC. The Hoa Lu consortium is the only foreign contractor, Powerline Engineering Public Company Limited (PLE) from Thailand. The third consortium is Vietur, led by Turkey’s IC ISTAS.

According to Vietcap Securities JSC, the construction of Long Thanh International Airport Phase I will require 18 million tons of construction stones. The companies poised to benefit from this project are Hoa An Company and Bien Hoa Construction and Building Materials Manufacturing Company.

With an estimated cost of about VND336,630 billion, the airport is designed to serve 25 million passengers and handle 1.2 million tons of cargo annually during its initial phase.

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