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Wednesday, June 19, 2024

Some VND400 trillion needed for airport network development

By Le Anh

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HCMC – Vietnam will have 28 airports by 2030, including 22 existing ones, and the capital demand for the development of the airport network in the 2021-2030 period will be some VND400 trillion.

The capital, which accounts for some 22% of the total investment in the transport sector, will be sourced from the State budget, extra-budgetary funds and other resources, according to a national general airport network development plan in the 2021-2030 period, with a vision toward 2050. The plan has been submitted to the prime minister by the Ministry of Transport.

In the 2021-2030 period, the ministry will invest in some key airports, including Noi Bai, Tan Son Nhat and Long Thanh. Accordingly, work will start soon on the first phase of the Long Thanh International Airport, the T3 terminal of Tan Son Nhat and the expansion of Noi Bai’s T2 terminal.

Apart from upgrading the existing airports, the ministry will develop six new airports to raise the total number of local airports nationwide to 28 by 2030, including 14 international airports and 14 domestic ones, which can serve 278 million passengers per year.

By 2050, the total number of airports in Vietnam will be 29, including 15 domestic ones, with a new addition of the Cao Bang Airport, according to the national general plan.

To fulfill the plan, the ministry proposed studying, adjusting and perfecting relevant regulations to mobilize extra-budgetary funds.

As for the new airports, the ministry proposed mobilizing private capital to execute the projects under the public-private-partnership format and authorizing the governments of the provinces or cities where the new airports are planned to develop the airport projects.

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