Vietnam will begin construction on Tuesday of the first phase of what will become its largest airport near Ho Chi Minh City, as it seeks to accelerate public investment to shore up economic growth amidst the coronavirus pandemic.
See also: Crisis puts Shanghai the world’s leading airport in connectivity.
The first phase of Long Thanh Airport in Dong Nai province will cost $4.66 billion and will be operational from 2025, the government said in a statement.
It will include a 4 km runway, a terminal and related facilities capable of serving 25 million passengers and handling 1.2 million tons of cargo a year, Reuters reported.
See also: British Supreme Court gives go-ahead to Heathrow expansion.
The entire project, when fully operational, could serve 100 million passengers a year and would cost $16 billion to build, the government said.
It would become a key transit hub for international passengers, the government said, adding that the existing Tan Son Nhat Airport near Ho Chi Minh City, which has been overloaded since 2015, will be used as a domestic airport.
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