It was reported that the first phase costs about USD 4.78 billion that comes from aviation businesses and other sources.

The Government has proposed the Airports Corporation of Vietnam (ACV) as the investor of major items of the phase. The corporation is expected to mobilize nearly USD 2.63 billion in addition to its coffer of over USD 1 billion.

Deputy Tran Hoang Ngan of Ho Chi Minh City

At the session, many legislators expressed their concern over land clearance as the Government aims to reclaim another 136 ha to construct the road linking to the 5,000-ha airport.

Besides, ACV’s mobilized capital would affect public debt as well as the progress and capital disbursement of the project, they said.

Minister of Transport Nguyen Van The affirmed that the airport will be equipped with current state-of-the-art technologies.

Highlighting the project’s high economic efficiency, the minister said foreign organizations should be confident in supporting the ACV. However, he said, they will be mobilized only when domestic resources fail to meet the demand.

The official said the airport can serve up to 20-25 million passengers each year right after its completion. The number will amount to 85 million by 2030 and 100 million in the second phase.

He pledged all-out efforts to ensure the project’s progress and quality.

Source: VNA