Government to Consider Investment in Long Thanh Airport in March

2:06:54 PM | 5/2/2020

The Prime Minister will consider the approval of investment in the Long Thanh International Airport (phase 1) in March 2020, according to a PM’s recently issued resolution.

 

The Government, on February 3, issued a resolution on the feasibility study of the Long Thanh Airport project (phase 1) which asked the State Appraisal Council to complete the appraisal of the project’s feasibility study report to submit to the Government for consideration in March.

The resolution also included the decision to adjust the land area of the first phase of the project from 1,165ha to 1,810ha.

The People’s Committee of Dong Nai province is assigned to focus on directing the compensation and resettlement of affected people to hand over the cleared land to the investor according to the schedule.

Meanwhile, the Ministry of Transport is required to study and invest in the construction of a transport system to connect the Long Thanh Airport area with the key economic region in the South.

Long Thanh Airport is scheduled to have a total investment of approximately US$16 billion. The first phase of the airport is estimated to cost roughly US$4.77 billion.

Source: NDO