ACV likely investor of Long Thanh Airport

Live Quote: On

RSS

My Page | Contact Us

RSS

RSS

Company A-Z | Stock Screener | My Portfolios | Streaming Quotes | Technical Analysis

Investing Tools

Useful Links

Tuesday, April 30, 2024 8:57:25 AM - Markets open

VN-INDEX

1,209.52

+4.55/+0.38%

HNX-INDEX

226.82

-0.75/-0.33%

UPCOM-INDEX

88.76

+0.43/+0.49%

ACV likely investor of Long Thanh Airport

VietnamNet - 8/6/2015 8:44:23 AM

(0 ratings. You must sign in to rate.)

Print |

Add To Favorites |

Email |

RSS

Airports Corporation of Vietnam (ACV) has proposed it be the investor in the first stage of construction of the Long Thanh International Airport, according to Mr. Nguyen Hoang, Head of the Investing and Planning Department under the Ministry of Transport (MoT).

Mr. Hoang said that MoT has submitted the plan for ACV to be the investor to the government, with capital to come from ACV’s development investment capital.

The proposal is awaiting comment by others ministries, including the Ministry of Construction, the Ministry of Finance, and the Ministry of Planning and Investment.

If the Prime Minister approves the plan the selection of a contractor and the preparation of construction planning will be conducted shortly. It is expected that the selection of a contractor will take about eight months and construction planning 18 months.

After the National Assembly (NA) previously adopted the investment policy for Long Thanh International Airport, Mr. Le Manh Hung, General Director of ACV, said it would actively prepare all resources to implement the project as soon as possible and ensure the quick completion of the investment plan for submission to the government.

At its recent 9th session the NA approved the investment policy for the airport. It is an important international airport of the country and aims to become an aviation hub of the region, with a capacity of 100 million passengers and 5 million tons of cargo per year.

The first phase will have one runway and one passenger terminal and other facilities, with a capacity of 25 million passengers and 1.2 million tons of cargo per year and is to be put into operation no later than 2025.

Newer News
24/04	VN's economy forecast to grow by 5.5 per cent in 2024
24/04	EVN seeks PM's solutions for solving challenges in PPA negotiations
24/04	Standard Chartered revised down Việt Nam’s 2024 GDP growth forecast to 6%
24/04	Vietnamese PM outlines three key breakthroughs for ASEAN's path to digital excellence
19/04	VN's exports $25.77 billion to the US in Q1
17/04	Vietnamese airlines boost capacity amid holiday rush despite aircraft shortage
16/04	Private sector contributes 45% of GDP
12/04	Việt Nam’s growth projected at 6% in 2024 with policy adjustment: AMRO
12/04	Public investment projects: big push for construction materials sector
10/04	Việt Nam's exports to India maintain growth momentum

Older News
06/08	Vinacomin: Sufficient coal supplies for power plants
05/08	EU, Vietnam reach deal on free trade
04/08	Deep cut made in gasoline prices
03/08	FDI forecast points towards deluge
03/08	Vietnamese workforce optimistic about ASEAN common market, survey shows
03/08	Instant Coffee Demand Brings Vietnam Up the Caffeine Value Chain
03/08	Tax evaders pay up $32m to Gov't
01/08	Ho Chi Minh City, Japan increasingly important partners
01/08	Pepper exports record burgeoning growth
01/08	State-owned conglomerates disclose information about chairs’ salaries

Newsletter Signup

Top Stories

	Businesses concerned about rising exchange rate pressure
	Gold bar auction to be resumed after 11 years of suspension
	PM Chính requires strengthened gold market management
	Bank shareholders to receive high dividends, stock bonuses
	Shares sustain gains on strong investor confidence