Construction works on the $1.5bn project is expected to begin this month
The construction contract for the Long Thanh International Airport in Vietnam has been awarded to the Vietur consortium, which is being led by IC Istas. The consortium comprises ten companies, including Vietnamese private firms Ricons, Newtecons, and Sol E&C, as well as Vinaconex and Construction Corporation No.1. IC Istas has prior experience constructing airports in Russia, Bulgaria, and Turkey.
Construction of the US $1.5bn project is expected to begin this month and due to be completed by November 2026.
The first phase will cost an estimated $4.1bn and includes the construction of a runway and terminal, with a capacity to accommodate 25m passengers per year. A second runway and terminal will be built, as part of the second phase, which will serve 50m passengers per year.
Phase three of the project will see the airport expanded to serve 100m passengers per year, making it the largest and busiest airport in Vietnam, surpassing Tan Son Nhat International Airport.
The airport will be connected to Thu Thiem, which is located to the east of Ho Chi Minh City, with a 38km light rail system, and a future north-south high-speed railway. Construction work on the runway began in December last year, following the country’s prime minister’s calls to expedite the project.
The project’s final cost is expected to be $16bn and is not expected to be complete until 2050, when it will become Vietnam’s largest airport.