Ministry of Transport approves development of Quang Tri Airport under PPP

March 27, 2021 | 12:12
(0) user say
Quang Tri may become the third airport to mobilise private capital and be implemented under the public-private partnership (PPP) model, following Van Don and Phan Thiet.
ministry of transport approves development of quang tri airport under ppp
Quang Tri airport would serve as crucial infrastructure for the province's development

The Ministry of Transport (MoT) has proposed the prime minister to assign Quang Tri People’s Committee to conduct the pre-feasibility report for Quang Tri Airport and then submit it so that higher levels can approve the investment planning of the project.

According to the MoT, Quang Tri Airport has the total investment capital of VND4.4 trillion ($191.3 million), which makes it suitable to develop under the PPP model.

“As the state budget is limited, implementing the airport under the PPP model suits the policy that encourages private investment to develop transport infrastructure like Van Don, Phan Thiet, and Sapa airports,” the document noted.

Quang Tri will be constructed by 2030 with a capacity of one million passengers and 3,100 tonnes of cargo per year.

The MoT has built the national airport planning for the 2021-2030 period, with a vision towards 2050 and the ministry is collecting opinions from other ministers and relevant authorities to submit to the prime minister for approval.

In early March, Quang Tri People’s Committee proposed the prime minister to approve the planning of Quang Tri Airport under the PPP model and assign this province as the public party to develop the project.

The province will use its budget to implement land clearance and other relevant works. At present, numerous investors are interested in developing the project, including T&T and FLC.

According to Vo Van Hung, Chairman of Quang Tri People’s Committee, once completed, the project will contribute to completing the province’s transport infrastructure, motivating socioeconomic development and attracting investment capital in key economic areas.

By Anh Minh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional