Clearly quantify goals, determine roadmap and feasibility

Vice Chairman of the National Assembly Vu Hong Thanh chaired the meeting. Photo: Quang Khanh

Total investment capital is about 196,378 billion VND

Presenting the Summary of the Investment Policy Report on the Gia Binh International Airport Construction Investment Project, Minister of Construction Tran Hong Minh said that the investment in the construction of Gia Binh International Airport will be in accordance with international standards, becoming a smart, green, sustainable, new-generation airport of international standards, meeting the needs of socio-economic development, serving dual-use exploitation to ensure security and defense activities and important foreign affairs events, including the APEC Summit in 2027.

img_9474(1).jpeg — Minister of Construction Tran Hong Minh briefly presented the Proposal on the investment policy for the Gia Binh International Airport construction investment project. Photo: Quang Khanh

At the same time, aiming for Gia Binh International Airport to be an international airport that meets 5-star international airport service standards, among the top 10 5-star airports in the world according to Skytrax criteria and in the group of airports with excellent passenger experience (AQS) according to the assessment of Airports Council International (ACI); aiming to be the aviation gateway of the North, a transit airport for passengers, goods and aircraft maintenance, repair and overhaul (MRO) facilities in the Asia-Pacific region.

The project is invested with a level 4F scale according to the standards of the International Civil Aviation Organization (ICAO); meeting the exploitation needs of about 30 million passengers/year and 1.6 million tons of cargo/year by 2030; about 50 million passengers/year and 2.5 million tons of cargo/year with a vision to 2050.

The passenger terminal is built on the basis of Sky Trax's 5-star service standards, focusing on optimizing operational functions, organizing space effectively, ensuring convenient and reasonable service for large passenger traffic. The phase up to 2030 will be built with an expected area of about 350,000 m², the phase up to 2050 will be expanded with an expected area of about 460,000 m².

The VIP terminal is built independently from the passenger terminal with an expected area of about 5,900 m².

The cargo terminal for the period up to 2030 will be built with an expected area of about 11 hectares; the period up to 2050 will be expanded with an expected area of about 26 hectares.

Delegates attending the meeting. Photo: Quang Khanh

Regarding the form of investment, the Minister said that the investment project will be implemented in accordance with the provisions of the Investment Law. The total investment capital is about 196,378 billion VND; invested by the investor's capital, including equity capital and legally mobilized capital.

Ensuring safety, security and stable operation

The summary review report on this content was presented by Chairman of the Economic and Financial Committee Phan Van Mai. Accordingly, the Economic and Financial Committee agreed with the necessity of investing in the Project for the reasons stated in the Government's Submission. There were opinions suggesting to supplement the forecast of transport demand in the coming stages of Gia Binh International Airport and the allocation of traffic with neighboring airports. At the same time, it was suggested to clarify the feasibility and technical compatibility of the "dual airport" and "multi-airport hub" exploitation model of the Capital region, especially in the allocation of passenger and cargo traffic and airspace management, to ensure safety, efficiency and synchronization in exploitation.

The Economic and Financial Committee also basically agreed with the contents of the Government's submission. However, it is recommended to: clearly quantify the objectives of the Project (5-star Skytrax standard, top 10 in the world, Net Zero...), determine the roadmap and feasibility; supplement the assessment of geology, hydrology, drainage, impact on Ngu River and clarify the investment plan for a multi-modal transport system in sync with the project completion schedule; assess the feasibility of completing the Project to meet the APEC 2027 schedule, in the context of many problems regarding compensation, support, resettlement and complex geological conditions; training plan, job conversion, job creation for affected people and solutions to ensure food security when reclaiming large areas of double-crop rice land; Clarify the list, technical standards, inspection and operation procedures, personnel training and establish an inter-sectoral appraisal mechanism to ensure safety, security and stable operation.

Regarding the preliminary total investment and capital sources, the Economic and Financial Committee proposed to clarify the basis for calculating the Project's investment rate, compare the investment rate with similar airport projects in the region and adjust according to local prices to choose the appropriate and optimal cost level; capital sources, ability to recover capital and repay loans.

Source: https://daibieunhandan.vn/luong-hoa-ro-cac-muc-tieu-xac-dinh-lo-trinh-va-tinh-kha-thi-10395616.html