Price bracket for land clearance at Long Thanh Airport approved

Land compensation charges have been set for Long Thanh Airport

Dong Nai People’s Committee has approved the compensation price bracket for 3,000 hectares of land, which was planned to develop Long Thanh International Airport. This will serve as the basis to calculate compensation for land withdrawn to implement the construction.

Notably, the highest compensation rate for residential property in the rural area is VND6.5 million ($282.6) per square metre, while residential property in other areas are eligible for VND1.3-5.1 million ($56.50-220) per sq.m.

Regarding agricultural land, the rate for land used for green areas is VND360,000 ($15.65) per square metre and land used for growing aquatic products and forestry will receive the lowest level of VND161,000 ($7) per square metre.

In order to develop Long Thanh International Airport, Dong Nai People’s Committee has revoked 5,000 hectares of land from 18 organisations and 5,283 households.

Previously, Prime Minister Nguyen Xuan Phuc urged the southern province to make every effort to complete site clearance for the construction of Long Thanh International Airport at an online meeting in Hanoi on April 8.

The goal set by the National Assembly is to wrap up site clearance by 2025 or earlier, he reminded.

According to a report by Dong Nai province, only VND1.7 trillion ($73.9 million) of the total of VND17 trillion ($739 million) allocated for the task has been disbursed so far.

Long Thanh International Airport, situated near its namesake township in the southern province of Dong Nai, is a keyi national project. Once fully operational, the airport is expected to reduce the load on Tan Son Nhat International Airport in Ho Chi Minh City and become a major international aviation hub in the region.

The project is made up of three investment phases with the ultimate goal of making the airport capable of serving 100 million passengers and handling five million tonnes of cargo annually.

The project’s first phase costs an estimated VND111.69 trillion ($4.86 billion). In this phase, one runway and one terminal along with other components will be built to handle 25 million passengers and 1.2 million tonnes of cargo a year. It is scheduled to be put into use in 2025 at the latest.