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.
Vietnam among Asia's 15 largest economies
The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.