Spanish company to develop three Vietnamese airports

Guest Writer

Spanish airport builder, Garuda Group, is expected to invest US$15 billion in the construction of three world class airports in Vietnam, according to a Vietnam News Agency report. Following an agreement signed this week in Ho Chi Minh City (HCMC), the airports will be developed are the Long Thanh International Airport in HCMC, costing US$6 billion, the new Hanoi International Airport (US$8 billion), and the Chu Lai International Airport in Quang Nam province, central Vietnam (US$1 billion).

Long Thanh International Airport in Dong Nai province, approximately 40km from HCMC, will serve as a gateway to southern Vietnam. The airport is planned to handle over 100 million passengers a year by the time the second phase is complete in 2015. Construction of the Hanoi airport is expected to be carried out in three stages, the first from next year run until 2015 with annual capacity rising to 35 million passengers, and the second running from 2015-18, boosting passenger traffic to 80 million. Chu Lai International, a former Vietnam War airbase, will see capacity rise to 2.25 million passengers by 2015, and 4.1 million by 2025.

“The (Vietnamese) government will grant Garuda management and operation rights for 30 years, to be extended by 10 years under certain circumstances, to cover the cost of project execution and to repay principle debts,” the report quoted Giuliano Koenigsberg, Chairman of Aviation South East Asia, a branch of the Garuda Group, as saying.

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