The Vietnamese authorities have launched modernization and expansion works of the Long Thành international airports in Hanoi and Tân Son Nhât international airports in Ho Chi Minh City (Saigon), with a investment of 2.15 billion dollars.
The construction of a new terminal in Hanoi-Long Thành and the installation of equipment will total more than $1.45 billion and will be carried out by the Vietur consortium (led by the Turkish company IC İçtaş Construction) over a period of 39 months for the first phase of work. In addition, the runway and tarmac will cost an additional $303 million.
More than 10,000 workers are expected to work on the giant construction site. At the end of the first phase of work, the airport in the Vietnamese capital will be able to accommodate 25 million passengers and 1.2 million tons of freight each year, and at the end of the project in 2050, up to 100 million passengers and 5 million tonnes of freight per year.
At Tân Son Nhât Airport in Ho Chi Minh City, the economic capital of the south, the construction of Terminal 3, which will have a capacity of 20 million passengers per year, will cost some $386 million. Completion of the work is scheduled for mid-2025.