A consortium of Vietnamese investors has applied to build a new terminal at Cam Ranh Airport near the famous beach town of Nha Trang at an estimated cost of nearly VND3.4 trillion (US$149.9 million), local media reported Wednesday.
The international terminal is expected to expand the airport's capacity to more than 2.5 million passengers a year by 2020 and six million by 2030.
The proposal has been submitted by Cam Ranh International Terminal JSC, a joint-venture between state-owned airport operator Airports Corporation of Vietnam and low-cost airline VietJet Air.
Cam Ranh now has only one terminal with a capacity of 1.5 million passengers, but last year more than 2.7 million passengers arrived on flights from China, Russia and South Korea besides other Vietnamese cities.
If approved, construction of the second terminal will start in September and it will be opened in December 2017.