Located in the southern Dong Nai Province of Ho Chi Minh, the 5,000-hectare airport will comprise three runaways and parking place worth $1.27 billion and two terminals costing $1.4 billion as per the plan.
It is also expected to have an annual accommodation capacity of 50 million passengers by 2030 in addition to the cargo terminal, which is expected to handle 1.5 million tons per year.
The airport will serve 90% of international as well as 20% of domestic flights, diverting a major chunk of passenger traffic from the city’s Tan Son Nhat International Airport that is considered to be the country’s largest airport.
Funding will be provided by government, private as well as foreign enterprises. Phase one of the project is scheduled to commence by 2015 and complete by 2020.
