Authorities of Lam Dong Province in south central Vietnam have approved an investment policy for the civil aviation component of Phan Thiet Airport project, with estimated investment capital of nearly VND3.8 trillion ($144 million).
The civil aviation component will cover about 74.6 hectares. The passenger terminal is designed to span roughly 16,000–18,000 square meters.
The airport project is planned to operate as a 4E-class civil airport, with a capacity of around two million passengers per year by 2030. It will serve both domestic and international routes.
The provincial government will seek a private investor through a competitive bidding process to build and operate the civil terminal and related infrastructure. The investor must contribute at least 15% of the total capital, with the remainder raised from lawful financing sources.
The project will operate for 50 years from the date the investor is formally approved under relevant regulations.
Phan Thiet Airport project covers a total area of 543 hectares in Mui Ne Ward. Construction began in January 2015 and includes both military and civil components.
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