Here we go the official English report confirming that the airport construction will be started next month
. The airport will be constructed in approx 60 months (5 years) and due to be completed its first phase (1 terminal + 1 runway) in Late 2025.https://e.vnexpress.net/news/business/e ... 92439.html
The Airports Corporation of Vietnam (ACV) plans to begin construction of the Long Thanh International Airport in December and complete it by 2025.
With sufficient capital in hand and the fact that Dong Nai Province, where their airport will be built, has handed over 1,800 hectares of landed needed for the first phase, the ACV is making a detailed 60-month construction plan.
The chairman also stated that ACV, as well as all of the investors, have enough capital for this gigantic project:
Lai Xuan Thanh, chairman of the corporation which has been assigned to be the project's main developer, told VnExpress that it will pour over VND99 trillion ($4.28 billion), or 91 percent of total capital needed, into the first phase of the airport.
The money will be sourced from its current cash reserves of over VND29 trillion, with an additional sum of VND6.9 trillion in the 2020-2025 period, and the rest from commercial loans and bonds.
The corporation has signed memoranda of understanding valued at over VND143 trillion with 12 organizations for funding the project, which exceeds the amount needed.
The government last week approved the construction of the $4.6 billion first phase of the Long Thanh International Airport.
At this moment, the authorities still haven't registered this airport internationally as there is still no IATA or ICAO code for this airport.
The first phase of the airport contains 1 runway (4000m * 75m) and 1 terminal with a capacity of 25 million pax per year. When finishing all 4 phases, the airport will have four 4000m*75m runways, 4 terminals with the total capacity of 100mil pax/year, and unofficial sources say that it can even hold up to 120mil pax. And in fact, with plenty of space would be still available around the airport even after finishing Phase 3, I believe that this airport can be expanded even further and bigger. Rumors say that there is enough space for a small domestic terminal which can be built in the next 20-30 years.https://laodong.vn/kinh-te/san-bay-long ... 765543.ldo
The pink areas are the projected "backup land" which can be used for expansion in the next decade. And in fact, it can be enough for one more terminal.