Da Nang Airport finds funds

Update: June, 12/2015 - 08:24

A view of Da Nang airport. — Photo

DA NANG (VNS) — 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.

The Airports Corporation of Viet Nam (ACV) had proposed the Transport Ministry to set up a joint venture of domestic businesses to invest in the project.

The joint venture comprises the ACV, which will contribute 10 per cent of the total investment capital, Thang Long Air Services Corporation, AOV Investment Corporation, and Ha Noi Construction Corporation.

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

Although no official investor has been selected for the project, the new terminal will be built by domestic investors, an official from the Transport Ministry was quoted as saying by Dau Tu (Investment) online newspaper.

The construction of the new terminal is estimated to cost around VND3.2 trillion (US$147.4 million).

The 40,000sq.m construction, is scheduled to start by January next year at the latest and is expected to be completed by June 2017 to serve 2.3 million international visitors by 2022 and four million passengers by 2030. — VNS