Dong Nai hands over ground-phase 1 to develop Long Thanh International Airport

August 28, 2023 | 11:37

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On August 25, Long Thanh People’s Committee organised a ceremony to hand over ground-phase 1 for the construction of Long Thanh International Airport and the two road routes connecting the T1 and T2 terminals, to investors.

Dong Nai hands over ground-phase 1 to develop Long Thanh International Airport

Airports Corporation of Vietnam (ACV) will organise the groundbreaking ceremony for the airport’s No. 5 package on August 31.

Dong Nai revoked a total area of 4,900 hectares in Long Thanh district, at which, in the first phase, the area completed land clearance is 1,810ha from local residents and 722ha from organisations.

Long Thanh People’s Committee has to arrange the resettlement area for 5,500 households, to date, 4,239 households have new resettlement.

Previously, on August 24, ACV announced that the Vietur consortium had won the bidding package worth VND35 trillion ($1.47 billion) to build a terminal of the Long Thanh International Airport project.

The consortium consists of Turkish conglomerate IC ISTAS, and nine local firms, including Vinaconex and Newtexons, Ricons, and Hancorp. According to ACV, the contract will be implemented in 39 months, including New Year holidays in accordance with Vietnamese law from the date of the signing scheduled to fall between August 25 to August 30.

Long Thanh, which will become Vietnam's largest airport, has the investment capital of around $14.2 billion. 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 for 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 five million tonnes of cargo annually.

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.

MPI intervenes in Long Thanh International Airport bidding dispute

Vietnam's Ministry of Planning and Investment (MPI) has directed the Airports Corporation of Vietnam (ACV) to address proposals from the Hoa Lu consortium related to the Long Thanh International Airport terminal package 5.10, according to Tuoitre.

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

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.

By Ha Vy

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