The airport will be built in Gio Quang, Gio Hai, and Gio Mai communes of Gio Linh district on an area of 265ha, and with a total investment of 5.83 trillion VND (240 million USD).
Once operational, it will handle up to 5 million passengers and 25,500 tonnes of cargo per year.
A consortium comprising two companies is the investor for the Public-Private Partnership (PPP) project.
According to a decision by the provincial People’s Committee approving the selection of the investor, the project will be carried out under a Build-Operate-Transfer (BOT) contract, with its preparation and construction expected to take two years. The contract implementation period (operation, toll collection, return of capital) is 47 years and 2 months.
It is one of the 33 airports in the Master Planning on airport development in the 2021-2030 period with a vision to 2050, approved by the Prime Minister in June.
Disbursement rate for public investment remains sluggish: MoF
Data from the Ministry of Finance showed that as of the end of September this year, ministries, government agencies and local areas had allocated VNĐ664.9 trillion (US$26.7 billion) for public investment.