Approval of investors to build Dong Hoi Airport

On September 18, the Civil Aviation Authority of Vietnam announced: The Chairman of the People's Committee of Quang Binh province has just signed Decision No. 2571/QD-UBND on approving the investment policy and approving the investor of the Project to build Passenger Terminal T2 and expand the aircraft parking lot, Dong Hoi Airport.

Accordingly, the project to build Passenger Terminal T2 and expand the aircraft parking lot at Dong Hoi Airport worth 1,844 billion VND was assigned to Vietnam Airports Corporation (ACV) as the investor with the goal of building Passenger Terminal T2 to increase the operating capacity of Dong Hoi Airport to 3 million passengers/year, exploiting domestic passengers; expanding the aircraft parking lot (phase 1, building 4 new aircraft parking positions, increasing the total aircraft parking positions to 8 positions code C) on the expected land use area of 15,016 hectares.

In addition, the Project also expands the aircraft parking area to both the East and West of the existing aircraft parking area, meeting 4 aircraft parking positions, increasing the total number of aircraft parking positions to 8 parking positions, the area of the expanded cement concrete aircraft parking area is about 25,300m2, building a drainage system, signal painting, synchronous grounding system; investing in a system of signal lights, lighting, and signs to ensure synchronization.

The investment capital of the Project is 1,844 billion VND, of which the investor's capital contribution accounts for 100% of the investment capital; the project's operating period is until the end of 2050. When the investment project's operating period expires and the investor wishes to continue implementing the investment project and meets the conditions prescribed by law, the investment project's operating period will be considered for extension, but not exceeding 50 years (except in cases where the law at the time of the proposed extension provides otherwise).

From the date of issuance of the Decision approving the investment policy, for the construction of Passenger Terminal T2, the investor must start construction in the third quarter of 2024; complete and put into use in the first quarter of 2026. For the aircraft parking expansion project, ACV must implement within 17 months (synchronized with the investment progress of the construction of Passenger Terminal T2).

The decision to approve the investment policy is the initial procedure for investors to have a basis to carry out the following procedures to ensure legal conditions for project investment implementation./.

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