Central province to call for PPP investment in airport and sea port

15-Jul-2020 Intellasia | VNS | 6:02 AM Print This Post

The central province has proposed a Private-Public-Partnership (PPP) model for calling on investment from the private sector in two key projects the Chu Lai Airport and sea port systems in the near future.

Chair of the province Le Tri Thanh told Vietnam News the proposal was made at a meeting with the ministry last week, stating the investment will be put up at auction following the Law on PPP recently approved by the National Assembly.

Thanh said the PPP model would help ease the burden on the State budget, while promoting the effectiveness of management over airport and sea port systems in the future.

He said the Chu Lai Airport would be expanded to 3,000ha and serve as a key logistics centre for Southeast and South Asia with a radius of 3,000km flying zone.

Following a master plan approved by the prime minister in 2018, Chu Lai Airport would handle five million passengers and 4.1 million tonnes of cargo in 2030.

The sea port system including Chu Lai and Ky Ha ports have been planned for hosting 50,000-dwt (deadweight tonnage) ship with a total of 12.7 million tonnes of cargo per year from 2030.

The provincial sea port system would receive cruise ships promoting tourism at UNESCO-recognised world heritages of Hoi An; the My Son Sanctuary and the world biosphere reserve Cham Islands-Hoi An site.

Chu Lai airport, which now hosts eight daily flights with nearly 1.5 million passengers per year, will be improved as an international airport with two runways, two terminals for both passengers and cargo, and a maintenance centre from 2020-25 and beyond. The province, in cooperation with local carriers and partners, had proposed a plan for development of the airport with a fund of $111 million in three phases.

The airport’s full development plan would allow big aircrafts including Airbus A350 and Boeing 787, while boosting air travel from HCM City and Hanoi to the Chu Lai Open Economic Zone (OEZ) in Quang Nam and Dung Quat Economic Zone in Quang Ngai Province. The local Truong Hai Automobile Company (Thaco) officially launched the Chu Lai-Incheon, Korea sea route for hosting textiles, automobiles, logistics experts, exports and investment flows from Korea and Japan in the province from 2018.

The province has been speeding up procedures and boosting the construction plan of the sea port and airport projects serving investors at the Chu Lai OEZ which is a destination of 158 investors with total investment of $4.5 billion.



Category: Business, Vietnam

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