PM attends signing ceremony of 1.8 billion USD contract for Long Thanh airport project
(VOVWORLD) - Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth 1.8 billion USD for the component project 3 of the Long Thanh international airport investment and construction project's Phase I invested by the Airports Corporation of Vietnam (ACV) in Hanoi on Saturday.
 Prime Minister Pham Minh Chinh speaks at the the signing ceremony. (Photo: VNA) |
The credit comprises 1 billion USD from the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), 450 billion USD from the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and 350 million USD from the Bank for Investment and Development of Vietnam (BIDV).
The airport, with a total capacity of 100 million passengers and 5 million tons of cargo a year, has a total investment of more than 13.7 billion USD). It will be able to handle 25 million passengers and 1.2 million tons of goods a year after its first phase is completed in 2026.
Addressing the event, PM Chinh stressed the Long Thanh international airport project is significant to the socio-economic development of the southern key economic region, Vietnam’s aviation sector and the whole country’s development in the coming years.
He hailed the effort of the three commercial banks along with the coordination of the State Bank of Vietnam in quickly arranging a huge credit for the project, thus ensuring the project's progress.