To lure more foreign investment in infrastructure, Vietnam needs to have a clear public-private partnership (PPP) framework.
Report on phase one of the Long Thanh international airport receives go-ahead from legislature as the investment is equivalent to the costs of similar airports worldwide.
The government does not need approval to select an investor for the Long Thanh Airport mega-project in the southern province of Dong Nai, according to the National Assembly (NA) Standing Committee.
If a state-owned airport operator is appointed to build the Long Thanh International Airport project, Vietnam’s largest airport, it could pose a high risk by adding $2.63 billion to the country’s public debt.
Over 1,400 households have yet to hand over their land to the investor in the Long Thanh International Airport project, making it hard for the megaproject to proceed as scheduled, Thanh Nien newspaper reported.
To serve the Long Thanh airport project, on May 29, Dong Nai People's Committee held a ceremony to announce the Resolution of the National Assembly Standing Committee on the dissolution and adjustment of administrative boundaries of 6 communes of Long Thanh district.
The area of land needed for the Long Thanh International Airport project in Dong Nai Province in the first phase has been adjusted upward to 1,810 hectares from the original 1,165 hectares, according to authorities of the southern province.
Dong Nai authority has just asked the central Government to allocate over VND400 billion ($17.23 million) to build two roads that would connect the province's National Road No. 51 to Long Thanh airport.
The southern province of Dong Nai will hand over part of a rubber farm plot under the management of Dong Nai Rubber Corporation to the Long Thanh International Airport project next month.
Long Thanh airport project’s feasibility study must be submitted to Ministry of Transport (MoT) no later than May 30, so the ministry can consider and verify it before submitting to the Government in early June, Minister of Transport Nguyen Van The asked consultancy agencies on March 21.