Quang Tri to develop first airport under the PPP model

December 21, 2021 | 17:40

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Quang Tri will develop its very first airport with a total investment capital of VND5.82 trillion ($253 million) under the public-private partnership (PPP) model.

Quang Tri to develop first airport under the PPP model

The design of the upcoming Quang Tri airport

Deputy Prime Minister Le Van Thanh signed Decision No.2148/QD-TTg on December 20 approving the investment policy of Quang Tri airport, which will be built in Gio Quang, Gio Hai, and Gio Mai communes of Gio Linh district.

The new airport is expected to meet the growing demand for aviation transport, contributing to promoting the political and socioeconomic development of the province as well as ensuring national security.

The project will be developed in two phases. In the first phase, Quang Tri and investors will construct basic facilities of a grade 4C civil airport and a grade II military airport in line with International Civil Aviation Organization standards. The airport is designed to have a capacity of receiving 2.2 million passengers per year by 2046 and handling 5,600 tonnes of goods per year by 2042.

In the second phase, the province and investors will invest in the infrastructure of ground service areas at the airport in 2029. It will expand the passenger terminal in 2047 to increase the capacity to receive up to 5 million passengers per year as well as expand the first cargo terminal with a capacity of about 13,700 tonnes a year in 2043 and about 25,500 tonnes a year in 2059.

The project implementation period is expected to be 50 years. The period of operation and payback is 47 years and 4 months.

By Thanh Van

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