Vietnam’s Ministry of Planning and Investment has sent a proposal to the Prime Minister to create an appraisal council to create a feasibility study and Masterplan for the Long Thanh International Airport and that this council include foreign experts.
The ministry said in its proposal to the prime minister that the complexity and scale of the airport makes it logical to include foreign consultants who have expertise in a variety of areas related to airport development and feasibility projects that Vietnamese consultants do not have experience with.
The ministry also requested that an independent consultant or several consultants be hired immediately so the airport can submit its feasibility report and master plan to the National Assembly by the deadline of October 2019.
The ministry’s proposal includes an organizational structure for the appraisal committee that will contain members from 13 different government ministries that will be involved with the Long Thanh airport project. The appraisal committee will be chaired by the Minister of Planning and Investment who will then report to the Prime Minister and National Assembly.
In July 2018, The Airports Corporation of Vietnam (ACV) presented a proposal to the National Assembly that said it would become the main investor in the new airport and stated that it would invest $5.4 billion USD in the new airport, which is approximately 25% of the airports overall budget.
Since that time, the ACV signed a contract with JFV, a consortium of consultants comprising of three Japanese, one French and two Vietnamese companies, to complete a feasibility report for phase one of the airport’s construction by June 2020. Currently, the consultants has completed concept design, and they scheduled to complete basic designs by April 2019 for the Ministry of Transport to send to the State Appraisal Council.
The Long Thanh International Airport will be located in Bind Duong province, 40 kilometers east of Ho Chi Minh City. The airport is being designed and positioned as HCMC’s second airport and will handle cargo and passenger flights and will run parallel operations with Tan Son Nhat airport in HCMC, the largest existing airport in Vietnam.
The new airport is being developed at an estimated cost of $16 billion USD and will be built in three phases over a 30-year period and will ultimately become Vietnam’s largest airport. The first phase of the airport construction is slated to start in 2020 with completion scheduled for 2025. At that time, the new airport will be able to handle 25 million passengers a year and by the end of phase three in 2050 the airport is scheduled to handle 100 million passengers and 5 million tons of cargo annually.
Recently, members of the National Assembly as well as construction and real estate experts have advised the government to push up the development schedule so that the airport can be finished 10 ~ 15 years early. Their rationale is based upon other infrastructure projects in the country that have encountered delays and they estimate that the costs for the airports construction could double every five years if there are delays in the construction schedule.