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Vietnam to spend $857 million on Hanoi airport upgrade
 

The Vietnamese government has approved a plan to expand its second-largest airport near the capital Hanoi by 2020 with an estimated investment of VND13.74 trillion (US$857 million).

Deputy Prime Minister Hoang Trung Hai has approved the project to build a third terminal at Noi Bai International Airport 45 km (28 miles) north of Hanoi, so it could handle 25 million passengers a year by 2020, up from 10 million passengers now, a government statement said.

The expansion of Noi Bai, which ranks behind Tan Son Nhat International Airport in Ho Chi Minh City, will be funded by the state budget, corporate funds and private equity depending on component projects, the statement issued late Tuesday said.

Vietnam would need to invest another VND43 trillion after 2020 to double Noi Baiís capacity to 50 million passengers a year from 2030.

Source: Reuters

source: thanhninennews

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