Airports Corporation of Vietnam (ACV), has proposed delaying the planned completion time of Long Thanh International Airport until 2026 instead of 2025 as initially planned.

The proposal is subject to approval by the Ministry of Transport, but ACV believes it is necessary to postpone the completion date to implement Package 5.10, a new bid on offer that involves the construction and installation of equipment of the new passenger terminal building.

The proposal was put forward after a review from the HAAA consulting consortium, which includes firms from South Korea, the United Kingdom, Australia, and France. The consortium suggested that the passenger terminal would require 36 months of construction and six months of trial operation.

If approved, the proposal will see construction time extended by an additional six months. The delay is expected to allow for a more favourable environment to attract capable and experienced contractors to the bidding, set for March 28.

Package 5.10 has the total investment capital of over VND35.2 trillion (almost $1.5 billion), which is the largest package in the first phase of the Long Thanh International Airport project.

In December last year, ACV issued a notification about the cancellation of the previous bidding package for the same project. The previous investors said that it was a large and complicated project with a deadline that was too soon, so they felt unable to meet the requirements.

Vietnam Investment Review