The Ministry of Transport in Vietnam has selected the Airports Corporation of Vietnam (ACV) to invest in the construction of the third terminal at Tan Son Nhat Airport in Ho Chi Minh City.
ACV was selected by the government due to its experience of operating 21 to 22 airports in the country and has sufficient capital to fund the airport development projects.
ACV chairman Lai Xuan Thanh was quoted by bizhub.vn as saying that ACV would be able to spend VND87.5tr ($3.75bn) to construct more runways and terminals at Tan Son Nhat Airport from now until 2025.
French airport architecture and engineering specialist and wholly-owned subsidiary of Aéroports de Paris Group, ADPI, had earlier submitted a plan to the Vietnam government for the expansion of Tan Son Nhat Airport.
In line with the ADPI proposal, the government plans to build T3 passenger terminal to the south of the airport that will span across 200,000m².
Once operational, the new terminal will be able to manage an additional 20 million passengers per annum. Plans also include expanding terminals T1 and T2 to serve 30 million travellers a year.
As part of the expansion plan, a cargo terminal and aircraft repair station, as well as other facilities, will be constructed in the northern area of the airport.
Nearly 56 aprons will be constructed in front of the T3 terminal and to the southwest of the airport, which will boost the total number of aprons to 106.
The capacity expansion exercise will enable the airport to manage 57 landings and take-offs per hour.
In 2018, Tan Son Nhat International Airport welcomed approximately 38.3 million travellers, more than its design capacity of 28 million annually.
Along with Tan Son Nhat Airport, the government is set to build the proposed Long Thanh International Airport in the neighbouring province of Dong Nai.
However, Tan Son Nhat will continue to serve as the main airport following the opening of Long Thanh International Airport.