On the morning of December 8, the National Assembly listened to a report on the adjustment of the content of Resolution No. 94/2015/QH13 of the National Assembly on the investment policy for Long Thanh International Airport (Long Thanh Airport).
The total estimated investment for the entire project is VND 336,630 billion (equivalent to USD 16.03 billion, applying the unit price of 2014), of which, phase 1 is VND 114,450 billion (equivalent to USD 5.45 billion).
The project is allowed to use part of the state budget, official development assistance (ODA) capital, equitization capital for state-owned enterprises of the aviation industry, corporate capital, investment capital in the form of public-private partnership (PPP) and other types of capital as prescribed by law.
Presenting the submission, Minister of Construction Tran Hong Minh said that the Government proposed that the National Assembly consider and adjust the content in Clause 6, Article 2, Resolution No. 94/2015 on the investment policy of the Long Thanh airport project to allow the Government to organize the approval of the feasibility study report for phase 2 of the project according to its authority without having to report to the National Assembly for approval.
At the same time, the Government proposed to include the above recommendation in the content of the General Resolution of the 10th Session.
The National Assembly's permission for the Government to organize the approval of the feasibility study report for phase 2 of the project according to its authority without having to report to the National Assembly for approval will help the Government proactively organize research, appraisal, and approval of the feasibility study report for phase 2, in accordance with the decentralization and delegation policy.
Minister Tran Hong Minh said that the initial feasibility study report for phase 1 of the project, based on the forecast of transportation demand, the expected research and investment time for phase 2 (including the third runway and the second passenger terminal) is from 2028-2032.
However, with the GDP growth scenario proposed from 2026 reaching double digits, passenger volume through airports in general, especially Long Thanh airport in particular, will increase faster than previously forecast. Therefore, it is necessary to organize a phase 2 investment study earlier than expected.
In addition, the study to invest in the third runway in phase 2 will take advantage of the available labor, machinery and equipment of contractors under construction, thereby saving time and costs, shortening progress and improving construction investment efficiency.
At the same time, it contributes to minimizing the impact on port exploitation activities such as dust and noise caused by construction activities in phase 2.
According to the approved investment policy and planning, phase 2 of the project plans to invest in 1 runway, 1 passenger terminal with a capacity of 25 million passengers/year and synchronous works to meet the exploitation needs.
Based on the organization and investment form of component projects of phase 1, the Government plans to assign ACV as the investor of essential works and other works of phase 2 (3rd runway, taxi system, aircraft parking lot, passenger terminal...), VATM as the investor of works to ensure flight operations of phase 2 (DVOR/DME, monitoring radar system, weather radar...).
Reviewing this content, Chairman of the Economic and Financial Committee Phan Van Mai said that the Government's recommendation is well-founded and consistent with the policy of promoting decentralization and delegation of authority, helping to simplify and shorten the time for preparing feasibility study reports and investment decisions for important national projects.
