Contractor winning Long Thanh airport’s 1.45-billion-USD bidding package announced

August 25, 2023 | 10:36

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The Airports Corporation of Vietnam (ACV) on August 24 announced that the Vietur consortium had won the bidding package worth 35 trillion VND (1.45 billion USD) to build a terminal of the Long Thanh airport project in the southern province of Dong Nai.

Contractor winning Long Thanh airport’s 1.45-billion-USD bidding package announced

Perspective of Long Thanh airport (Photo: VNA)

Hanoi – The Airports Corporation of Vietnam (ACV) on August 24 announced that the Vietur consortium had won the bidding package worth 35 trillion VND (1.45 billion USD) to build a terminal of the Long Thanh airport project in the southern province of Dong Nai.

The consortium comprises of Turkish conglomerate IC ISTAS, and nine local firms such as Vinaconex and Newtexons, Ricons, and Hancorp.

According to ACV, Vietur won the package with the price of nearly 28 trillion VND and 338,800 USD. The contract will be implemented in 39 months, including New Year holidays in accordance with Vietnamese law from the date of signing scheduled to fall between August 25 to August 30.

Long Thanh airport, to become Vietnam's largest, is budgeted to cost around 336.63 trillion VND. Its construction is divided into three phases.

In the first phase, a runway and one passenger terminal along with other supporting facilities will be built at a cost of 109.1 trillion VND to serve 25 million passengers and 1.2 million tonnes of cargo each year.

Once fully completed by 2050, the airport will be able to handle 100 million passengers and 5 million tonnes of cargo annually.

Located 40km east of Ho Chi Minh City, it is expected to relieve overloading at Tan Son Nhat International Airport, currently the country’s largest, in the southern metropolis.

Profit potential for winning bid at Long Thanh Airport project

Amidst a downturn in the private real estate market, Package 5.10 of Vietnam's Long Thanh International Airport has emerged as a financial lifeline for domestic and international contractors, potentially generating a net profit of up to VND1 trillion ($41.67 million) for the winning bidder.

Deputy PM demands scrutiny over Long Thanh Airport bid

The Hoa Lu consortium, spearheaded by Coteccons, has lodged a complaint against the Vietur consortium over a VND35 trillion ($1.46 billion) package at Long Thanh International Airport, citing violations of bidding regulations. Responding to the petition, Vietnamese Deputy Prime Minister Tran Hong Ha has ordered a meticulous review of the petition.

By VNA

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