Da Nang Airport finds funds for new terminal

A number of domestic businesses have come forward to invest in building a new terminal at Da Nang International Airport in the central city of Da Nang.

Friday, June 12, 2015 21:41

A number of domestic businesses have come forward to invest in building anew terminal at Da Nang International Airport in the central city of DaNang.

The Airports Corporation of Vietnam (ACV) had proposed theTransport Ministry to set up a joint venture of domestic businesses toinvest in the project.

The joint venture comprises the ACV, whichwill contribute 10 percent of the total investment capital, Thang LongAir Services Corporation, AOV Investment Corporation, and HanoiConstruction Corporation.

The Imex Pan-Pacific trading group hasalso sought the Transport Ministry's permission to invest in the projecton Build-Own-Operate (BOO) basis.

Although no official investorhas been selected for the project, the new terminal will be built bydomestic investors, an official from the Transport Ministry was quotedas saying by Dau Tu (Investment) online newspaper.

The construction of the new terminal is estimated to cost around 3.2 trillion VND (147.4 million USD).

The40,000sq.m construction, is scheduled to start by January next year atthe latest and is expected to be completed by June 2017 to serve 2.3million international visitors by 2022 and four million passengers by2030.-VNA

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