ACV proposed for Terminal T3 at Tan Son Nhat International Airport

ACV was assigned as the investor of Terminal T3 at Tan Son Nhat International Airport

In Document No.348/UBDLV-CNHT, the CMSC consented to the proposal of the representative of the state capital at ACV and the MoT on the choosing of ACV, which is 95.4 per cent held by the state, as the investor of the construction Terminal T3 project at Tan Son Nhat International Airport.

According to Nguyen Thi Phu Ha, vice chairwoman of the CMSC, Tan Son Nhat International Airport is one of the 21 terminals where ACV provides chain services for flight zones, airfields, and passenger terminals.

Therefore, having ACV invest in and exploit one more terminal at Tan Son Nhat International Airport would not only ensure the principle of each airport having a single, but also creates favourable conditions for effective operation in harmony with terminals T1 and T2, optimising the project’s efficiency.

“ACV has the requisite capacity and experience in the investment, management, and exploitation of airports, as well as the financial resources to ensure the needs of the project,” Ha said.

Another important reason for selecting ACV as an investor is that the T3 terminal project needs to be urgently deployed to alleviate the current overload at Tan Son Nhat International Airport, to meet Ho Chi Minh City’s and the country’s socio-economic development demand, especially to attract and serve foreign customers.

Previously, on March 26, the MoT submitted Report No.2756/Ttr-BGTVT proposing ACV to the prime minister. According to the proposal, ACV would contribute an estimated VND11.43 trillion ($497 million) from its own capital in 37 months since the approval of the investment policy.

Tan Son Nhat International Airport is currently heavily overloaded. In 2018, the total number of passengers passing through this airport reached more than 38.3 million, including 23.42 million passing through the domestic terminal, exceeding the designed capacity by 1.56 times, and 14.89 million passengers passing through the international terminal, 2.14 times the designed capacity.

Passenger growth at Tan Son Nhat International Airport will remain 10-15 per cent per year until 2020, and then 6-10 per cent through to 2025.

Due to the urgency of the situation and the project’s scale, the MoT proposed the PM to soon assign the Ministry of Planning and Investment (MPI) to use its expertise and consider applying mechanisms to accelerate the project’s progress such as using the architectural designs selected by the consultancy unit to prepare feasibility studies.

The MPI will only prepare a preliminary environmental assessment to submit to the PM to approve the project investment policy. Additionally, the feasibility report will include an assessment of environment impacts according to the laws on environmental protection. At the same time, the MPI will apply some specific mechanisms, especially in the process of selecting contractors to shorten the project schedule.