The total budget of the project is US$478 million.
Recently, the plan and proposal for Tan Son Nhat’s third terminal were sent to Prime Minister Nguyen Xuan Phuc for approval by the Ministry of Planning and Investment. According to Tuoi Tre, the ministry has chosen the Airport Corporation of Vietnam (ACV) to be the main investor of the project after considering the corporation's financial resources.
When finished, the terminal will have three floors, covering an area of 110,000 square meters in total. The airport apron will be extended by 4,670 square meters and other infrastructures, such as electric and water stations, water and physical waste treatment facilities, multilevel parking lots and service areas will take up 13 floors and 130,000 square meters.
In their proposal, the ACV anticipates that the new terminal can go into operation 37 months after being approved. The Ministry of Planning and Investment, however, thinks that this estimation is unrealistic, and hence has demanded that ACV re-examine their plan in detail and adjust it to be more feasible.
Building a third terminal has been the city’s priority for development plans as Tan Son Nhat is currently serving more passengers than its designed capacity allows. Having another terminal will increase its current capacity by 20 million passengers per year.
[Photo via Flickr user Albert Koch]
