ACV proposed for Tan Son Nhat airport terminal development

10-Dec-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

The Ministry of Planning and Investment has urged the government to assign the Airports Corporation of Vietnam (ACV) as the investor of another domestic passenger terminal at the Tan Son Nhat International Airport in HCM City.

The ministry recently submitted a report to the government containing its assessment of the in-principle proposal for the construction of a new domestic passenger terminal.

The project involves constructing a terminal, expanding the current apron and developing other auxiliary facilities.

The third terminal, whose floor area covers an estimated 100,000 square meters, is expected to handle 20 million passengers per year, which will help ease the burden on the current domestic passenger terminal.

The project requires some VND10.99 trillion (US$475 million) in funding from ACV and is scheduled for completion within three years and one month from the date of its in-principle approval.

The Tan Son Nhat International Airport is forecast to serve more than 45 million passengers by 2025. However, the total capacity of its current domestic and international passenger terminals reaches some 28 million passengers per year. Therefore, ACV has deemed the construction of a third terminal necessary.

The State currently owns a 95.39 percent stake in the HCM City-based ACV, with the remainder held by both local and foreign investors.

ACV operates under a parent company-subsidiary model, managing 22 airports nationwide, nine of which are international airports, including Noi Bai, Danang, Tan Son Nhat and Can Tho.


Category: Business, Vietnam

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