31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
PM approves US$254-million airport in Quang Tri
Hai Yen 12:05, 2021/12/21
The project is set to proceed under the public-private partnership (PPP).

A new airport will be built in Quang Tri Province in the country’s North Central Coast region with a total investment capital of VND5.82 trillion (US$254 million).

 Design of the Quang Tri Airport. Source: VGP

Prime Minister Pham Minh Chinh approved the construction of the airport on December 20, noting it would proceed under the public-private partnership (PPP).

According to the PM’s decision, the Quang Tri Airport would stretch three communes of Gio Quang, Gio Hai, and Gio Mai in Gio Linh District, and has a runway of 4C category of the International Civil Aviation Organization (ICAO). It will be able to handle narrow-body aircraft and a grade II military airport.

In the early phase, the airport is set to handle one million passengers and 3,100 tons of goods per year, eventually reaching over 2.2 million passengers annually by 2046 and 5,600 tons of goods by 2042.

The Government expects to construct the airport in two phases, in which the first would be the construction of basic facilities of the airport to qualify for the 4C category and grade II military airport, with an investment capital of VND2.91 trillion ($127 million).

Upon breaking down, the state would provide VND233 billion ($10.1 million) for site clearance and resettlement, and the remaining VND2.68 trillion ($117 million) would be mobilized by contractors.

In phase two, scheduled to start from 2029, the focus would be on other support facilities and the expansion of the airport terminal, so that the airport will handle up to five million passengers by 2047. A  cargo terminal with a capacity of 13,700 tons per year will be completed in 2043 and expanded to handle 25,500 tons in 2059.

The investment capital for this phase is estimated at VND2.9 trillion ($127 million), including VND79.7 billion ($3.5 million) from the state budget.

The duration for the execution of the two phases is set to be 50 years. It would take 47 years to recover the investment capital.

The Government expects the project to drive socio-political-economic development in Quang Tri Province, at the same time ensuring the national defense in the central region.

Several investors have already shown interest in the project, including FLC Group, Vietjet Air, a Thailand investor, and T&T Group. Among others, T&T Group has submitted its intention to conduct a project feasibility study.

RELATED NEWS
TAG: Quang Tri airport prime minister PPP Vietnam
Other news
14:38, 2022/38/02
FPT Software and Singapore’s NCS jointly develop technology center
This is the 3rd strategic technology center of NCS in Asia.
17:11, 2022/11/29
Actual FDI to Vietnam raises by 10% to US$12 billion in seven months
Singapore continued to be Vietnam’s largest investor during the seven months with $4.3 billion, or 27.7% of the total newly registered FDI projects.
09:34, 2022/34/10
Vietnamese Gov’t eyes construction of Tan Son Nhat Airport’s new terminal in Q3
The investment capital for the new terminal is estimated at VND11 trillion (US$470 million) for a capacity of 20 million passengers per year.
13:21, 2022/21/10
Economic cooperation - a highlight of Vietnam-Oman relationship
This year marks the celebration of the 30th anniversary of diplomatic relations between Việt Nam and Oman.
19:44, 2022/44/08
JBIC prioritizes partnership with Vietnam
304 JBIC-funded projects in the fields of energy and supply chain development have been effective and have contributed to promoting green growth in Vietnam.
22:22, 2022/22/19
Vietnam and India open new direct flights
The operations of six new air routes will facilitate Vietnamese passengers' travel to places of pilgrimage in India and Indian citizens visiting Vietnam.