The approval of the feasibility study to acquire land for the construction of Long Thanh International Airport will contribute to accelerating the construction of the project.
Deputy Prime Minister Vuong Dinh Hue has officially approved the plan to allocate VND22.85 trillion ($993.47 million) from the state budget to serve for land clearance and compensation as well as support the resettlement of residents living around the area attributed for the project, according to information published on the government's website.
Notably, the province will revoke 5,000ha for the airport and relevant infrastructure, as well as 364.21 ha for two resettlement areas.
The total investment for the land acquisition project is VND22.85 trillion ($993.47 million), including VND4.18 trillion ($181.7 million) for building resettlement areas, VND17.85 trillion ($776.08 million) for compensation, and VND306 billion ($13.3 million) for organising training programmes and solving the employment problems of residents.
The deadline for the land acquisition for the airport is 2021.
Previously, in June, Airports Corporation of Vietnam (ACV) and the joint venture JFV (Japan, France, and Vietnam) signed a contract on consultancy and conducting a feasibility study for the first phase of the proposed Long Thanh International Airport project.
JFV includes Japan Airport Consultants (JAC-Japan), Nippon Koei (NK-Japan), Oriental Consultants Global (OCG-Japan), ADP Ingenierie (ADPi-France), Airport Design and Construction Consultancy (ADCC-Vietnam), and Transport Engineering Design Inc. Company (TEDI-Vietnam).
Covering a total area of more than 5,580 hectares, Long Thanh International Airport will be located in six communes in Long Thanh district in Dong Nai province.
The construction of the airport costs VND336.63 trillion ($14.76 billion), and will be divided into three phases.
In the first phase, a runway and one passenger terminal, along with other supporting works, will be built to serve 25 million passengers and 1.2 million tonnes of cargo each year. This phase is expected to be completed by 2025.
In the second phase, one more runway and another passenger terminal will be built to serve around 50 million passengers and 1.5 million tonnes of cargo a year.
After the third phase, the airport will be able to serve 100 million passengers and 5 million tonnes of cargo a year.
Source: Vietnam Investment Review (VIR)