The Airports Corporations of Vietnam (ACV) recently submitted their proposal for a third terminal at Tan Son Nhat Airport to the Ministry of Transport.
According to the proposal, the new terminal, named T3, will cover an area of 100,000 square meters and help handle 20 million passengers more per year, Zing reports. The total budget for the project is VND11.430 trillion (US$490.25 million). The cost will be covered through corporate funding.
The total capacity of the airport's two current terminals, T1 and T2, is 28 million passengers per year. ACV calculated that by 2025, Tan Son Nhat Airport will reach 45 million passengers per year, hence the need for a new terminal.
Additional investments in new airport aprons, jet bridge system, bridge and car parking lots are also included in the proposal. If approved, the new terminal will take 43 months to finish, starting from the beginning of the investment.
A feasibility report, detailing choices of investors and designs, will be finalized in February 2020. The earliest date the project could start construction is July-October 2020.
ACV also suggested that the transport ministry submit a request for preferential policies in order to fast track the progress of the construction.
Back in March 2017, many aviation companies and investors including IPP Group, Atad Corporation and Nam Viet A have expressed interests in funding Tan Son Nhat's new terminal. In December 2018, the government decided to move ahead with an expansion plan for Tan Son Nhat proposed by French consulting firm ADP Ingénierie, which includes building a third terminal.
[Photo via Vietnam Airport]
