Proposal to assign Kien Giang to decide on investment in expanding Phu Quoc airport

According to the draft Resolution submitted by the Ministry of Finance to the Government, the expansion of Phu Quoc International Airport is aimed at meeting the requirements of organizing the APEC Summit 2027 - a national political event scheduled to take place in Phu Quoc City.

Proposing to pilot some specific mechanisms and policies to soon invest in expanding Phu Quoc Airport, in time to serve APEC 2027. Photo: Duong Ngoc

The draft consists of 5 articles, clearly stating the proposal to allow the People's Committee of Kien Giang province to decide or approve investment policies, and adjust investment policies for the airport expansion project. The order and procedures will be implemented as with projects under the authority of the provincial People's Committee.

In addition, the Ministry of Finance proposed transferring the state-invested airport infrastructure assets from the Ministry of Construction to the People's Committee of Kien Giang province for local management and project implementation.

The Minister of Construction will be the one to make the decision to recover and transfer the assets. Relevant agencies including Kien Giang Provincial People's Committee, Ministry of Construction, Ministry of Finance and Vietnam Airports Corporation (ACV) are assigned to coordinate the implementation.

The Ministry of Finance said that there are about 29 months left until the APEC Summit Week 2027, while the total time to implement a project under current regulations is from 30 to 40 months. In addition, harsh weather conditions in the island area, especially in the second half of the year, will affect the construction process and transportation of materials.

Therefore, the Ministry of Finance proposed to pilot a number of specific mechanisms and policies to speed up the implementation of projects serving APEC events.

Previously, Sun Group Joint Stock Company sent a document to the Prime Minister and ministries and branches proposing to be the investor of the Phu Quoc airport expansion project in the form of domestic business investment.

Form of investor selection in special cases, according to the provisions of the Law amending the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership method and the Law on Bidding 2024.

Sun Group proposed upgrading the airport to 4E standards, with a capacity of 18-20 million passengers per year. The investment scale includes extending the existing runway to 3,500 m, building a second runway of 3,300 m, passenger terminal T2, VIP terminal and parking lot of 70-80 positions.

Source: https://nld.com.vn/de-xuat-giao-kien-giang-quyet-dinh-dau-tu-mo-rong-san-bay-phu-quoc-196250506111525198.htm