A rendering image of Long Thanh Airport. Photo credit: VnExpress
It may cost up to US$35.1 million to finish an 18-month feasibility study for Long Thanh, which is set to become Vietnam's largest airport, according to the Airports Corporation of Vietnam.
In a proposal recently submitted to the transport ministry, the sole manager of airports in Vietnam said it will fund the study itself.
The corporation could have chosen to receive funding from the Japan International Cooperation Agency for a $6.9 million, 15-month study. However, it argued that a more "comprehensive" study is needed.
It also proposed organizing a design contest for Long Thanh's terminals and air control station.
Airports Corporation originally planned to let a single consultant conduct the feasibility study and design the airport to save time. The plan drew strong objections from local architects.
With a projected cost of $15.8 billion, the airport in Dong Nai Province, about 40 kilometers from Ho Chi Minh City, is slated to serve 100 million passengers and 5 million tons of goods annually.
The first stage of the project is scheduled for completion in 2023. It will then be able to serve 25 million passengers and 1.2 million tons of goods a year, but it will achieve its maximum capacity after the second and third stages.
Vietnamese authorities want Long Thanh to replace the country's currently biggest airport Tan Son Nhat in Ho Chi Minh City, as the latter already reached its designed capacity of 20 million passengers a year in 2013.