On September 18th, the Vietnam Civil Aviation Authority announced that the Chairman of the People's Committee of Quang Binh province had signed Decision No. 2571/QD-UBND approving the investment policy and the investor for the project to build Terminal T2 and expand the aircraft parking area at Dong Hoi Airport.
Accordingly, the project to build the T2 passenger terminal and expand the aircraft parking area at Dong Hoi Airport, worth VND 1,844 billion, has been assigned to the Vietnam Airports Corporation (ACV) as the investor. The objective is to construct the T2 passenger terminal to increase Dong Hoi Airport's operating capacity to 3 million passengers per year, focusing on domestic passenger traffic; and to expand the aircraft parking area (phase 1, constructing 4 new parking positions, bringing the total to 8 Code C parking positions) on an estimated land area of 15.016 hectares.
In addition, the project also expands the aircraft parking area to both the east and west of the existing parking area, adding 4 more parking positions, bringing the total number of parking positions to 8. The expanded area of the concrete-structured parking area is approximately 25,300 m2, and includes the construction of a drainage system, signal markings, and a synchronized grounding system; as well as investment in a synchronized lighting, signage, and traffic control system.
The project's investment capital is VND 1,844 billion, of which the investor's contribution accounts for 100% of the investment capital; the project's operating period is until the end of 2050. Upon expiration of the investment project's operating period, if the investor wishes to continue implementing the project and meets the conditions stipulated by law, an extension of the project's operating period may be considered, 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 Terminal 2, the investor must commence construction in Q3/2024; and complete and put into operation in Q1/2026. For the aircraft parking apron expansion, ACV must complete it within 17 months (in sync with the investment and construction progress of Terminal 2).
The decision to approve the investment policy is the initial procedure that provides the investor with the basis to carry out subsequent procedures to ensure the legal conditions for implementing the investment project.
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