The Japanese Embassy has proposed the Airports Corporation of Vietnam (ACV) allow Japan to conduct research and draw up a pre-feasibility study for the second phase of the Long Thanh international airport project, said a representative of ACV.
After receiving a proposal from the Japanese side, ACV reported it to the Ministry of Transport for consideration, according to the corporation.
The second phase of the airport project will be executed in the 2030-2035 period, with a total investment of some US$4 billion, the local media reported.
In the first phase of the airport project, which is under construction, a passenger terminal, a 4,000-meter-long runway and supporting facilities will be developed to transport 25 million passengers and 1.2 million tons of cargo per year.
The first phase, which is expected to be completed in 2025, requires an estimated investment of over US$4.6 billion.
The surrounding fence, which is over 8,660 meters long, is set to be completed in September, while bomb and mine detection and disposal will be executed in December this year. Work on the passenger terminal will begin in February 2022.
The Long Thanh international airport project will be executed in three phases at a total cost of US$14.5 billion and is expected to be completed in 2040.