Joint venture plan for Phu Bai Airport

The government has told the Ministry of Transport to submit a joint venture plan involving foreign investment in developing Phu Bai International Airport in Thua Thien-Hue Province.

Last month, the province wrote to prime minister Nguyen Tan Dung, asking him to urge the ministry to finalise the joint venture plan for the 527-hectare airport in the central region. The province said Middle Airport Corp had held several rounds of talks with Singapore’s Changi Airports International Pte Ltd (CAI) for establishing a joint venture to build Phu Bai into a modern international airport.

In August last year, the prime minister approved in principle a joint venture of Vietnamese and foreign investors to develop Phu Bai Airport, with the Vietnamese side holding a controlling stake.

The government has approved a master plan to upgrade Phu Bai Airport between now and 2020, with a vision towards 2030, at a total investment cost of 12.5 trillion dong (around $642 million). The plan envisages capital will come from different sources to develop Phu Bai into an international airport able to receive modern aircraft including Airbus A320s, A321s, Boeing B767s and B777-200 LRs. The airport is expected to handle five million passengers a year in 2020 compared to over 500,000 passengers currently, and nine million passengers in 2030. The annual cargo volume will reach 100,000 tonnes in 2020 and 200,000 tonnes in 2030. – Saigon Times

Tags: Phu Bai Airport, Vietnam airports

Posted by VBN on Sep 10 2010. Filed under Aviation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry