British firms seek to invest in Vietnam's airport projects

09:02, 08/02/2018

 British companies have shown interest in airport projects in Vietnam, according to the Ministry of Transport.

 

 British companies have shown interest in airport projects in Vietnam, according to the Ministry of Transport.

Deputy Minister of Transport Le Dinh Tho on Wednesday met with British Ambassador to Vietnam Giles Lever to promote cooperation between the two countries in the aviation sector. The meeting was attended by some British firms like Arup, Atkins and Benoy.

Ambassador Lever said at the meeting that UK companies are interested in the Long Thanh International Airport project in Dong Nai Province and the Tan Son Nhat International Airport expansion project in HCMC.

They want to join hands in conducting the feasibility study for Long Thanh airport. Besides, they would cooperate with Vietnamese partners to expand Noi Bai International Airport and develop urban railway projects.

Transport Deputy Minister Tho said the Transport Ministry will assist British investors in surveying airport projects. For Long Thanh International Airport, the ministry has assigned Airports Corporation of Vietnam (ACV) to select appropriate partners to conduct a feasibility study. Bidding shall begin on February 23.

The government of Dong Nai Province is preparing site clearance, which is scheduled for completion in 2021.

The feasibility study would take 16 months. Once the study is approved by the National Assembly, work will start on the first phase which comprises a runway and a terminal capable of handling 25 million passengers and 1.2 million tons of cargo a year. The first phase would be finished by 2025.

The Long Thanh International Airport project was approved by the NA in June 2015. Its total cost is estimated at VND336.6 trillion (US$16.03 billion), with the first phase requiring VND114.45 trillion.

(Source:SGT)