Vietcombank has been assigned the role of the leading bank and agent for managing the loan’s collateral. Meanwhile, VietinBank and BIDV will provide financing for the project. The loan amount stands at 1.8 billion USD, with a tenure of 20 years. The collateral for the loan consists of assets formed from the project, including both existing and future mortgaged items.
Source: ACV
The Long Thanh International Airport project is a special infrastructure construction project, with both the investment policy and feasibility study report approved by the National Assembly. The first phase of the project has a total investment of 109,111.742 trillion VND, equivalent to 4,664.89 million USD. The project is scheduled to commence in 2020 and complete its first phase by 2025.
The Vietnam Airports Corporation (ACV) has been appointed as the investor for the airport’s essential works, utilizing ACV’s capital sources. Once operational, the Long Thanh International Airport is expected to serve 25 million passengers and handle 1.2 million tons of cargo annually.
Long Thanh International Airport Project
In terms of detailed implementation plans, the first phase was officially kicked off on January 5, 2021, involving the construction of one runway and one passenger terminal, along with auxiliary items, to accommodate 25 million passengers and 1.2 million tons of cargo annually. This phase is expected to be completed and put into operation by 2025.
During the second phase, an additional runway and passenger terminal will be constructed to achieve a capacity of 50 million passengers and 1.5 million tons of cargo per year.
In the third phase, the project will be completed to reach a capacity of 100 million passengers and 5 million tons of cargo annually. Upon completion, the airport will boast four terminals and four runways, with an expected completion date of 2040.
