Massive $165 Million Investment in Phan Thiet Airport’s Civilian Facilities

The People's Committee of Lam Dong Province has approved the investment policy for the civil aviation component of Phan Thiet Airport, with a total investment capital of nearly VND 3,800 billion.

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The People’s Committee of Lam Dong Province has recently approved the investment policy for the Phan Thiet Airport project, specifically the civil aviation component, to be developed in Mui Ne Ward.

According to the decision, the project will be implemented through a bidding process to select investors. Its primary objective is to enhance aviation infrastructure in line with the 2021–2030 aviation transport development plan, with a vision extending to 2050.

The project aims to meet the growing demand for air transportation, foster socio-economic development, and ensure national defense and security requirements in the South Central Coast region.

Entrance to Phan Thiet Airport

The project spans approximately 74.6 hectares. Key components include an aircraft parking apron with 6 parking positions, taxiways, a 45-meter air traffic control tower, an operations building, signal lighting systems, navigation equipment, and an AWOS aviation meteorological system.

The passenger terminal will cover an area of 16,000–18,000 m², designed to handle up to 2 million passengers annually.

The total investment is estimated at 3.797 trillion VND, with construction costs accounting for over 2.067 trillion VND. The remaining funds will cover equipment, consulting, project management, and contingencies.

The project’s operational period is set at 50 years from the date of investor approval. Implementation is expected to take approximately 24 months from the issuance of the investment policy approval.

Upon completion, the civil aviation component of Phan Thiet Airport will operate domestic flights and may expand to irregular international routes, catering to the travel needs of residents, tourists, and investors.

The Lam Dong People’s Committee has tasked the Department of Construction with leading the investor selection process. Relevant departments will collaborate to evaluate and oversee the project’s implementation, ensuring compliance with legal regulations and adherence to the proposed timeline.

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