An artist's impression of the departure hall at Long Thanh International Airport. Photo courtesy of the ACV.
The corporation said earlier that it would invest nearly 100 trillion VND (4.3 billion USD) in the third component project. Of the total capital, more than 36.1 trillion VND will be sourced from ACV and the remainder from loans and other legitimate sources.
The first phase will have one 4km-long runway with a width of 75m, and a 373,000-sq-m terminal designed to serve 25 million passengers and 1.2 million tons of cargo a year.
This phase is expected to be complete in 2025. Two further phases will then be undertaken, and are due to finish before 2040. These will add three more runways and four passenger terminals, allowing the airport to accommodate 100 million passengers and 5 million tons of cargo.
Long Thanh International Airport perspective
The airport work requires more than 5,000ha of land and more than 364ha elsewhere to build two resettlement sites.
Around 4,800 households and 26 organisations are expected to be relocated to make way for it.
Covering a total area of more than 5,580ha, the airport will straddle six communes in Long Thanh district. The entire project would cost $16 billion to build, according to the government.
Lying 40 kilometer east of HCMC, the Long Thanh airport is expected to relieve overloading at Tan Son Nhat international airport in the city, which is the largest existing airport in the country.