Long Thanh airport construction: “welcome all investors”

“For Geleximco’s proposal in cooperation with Chinese partners in the construction of Long Thanh Airport and concerns from public opinion, I would like to reply that the process of selecting investors basing on the selective criteria through bidding. We choose investors who are able to control the progress, cost, on the basis of bidding documents.”

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It is the confirmation of Deputy Minister of Transport Nguyen Ngoc Dong, as he received the questions from the media on August 30, on the opinions of the Ministry at the proposal of Hanoi General Import Export Joint Stock Company (Geleximco) to cooperate Chinese partners to invest in constructing Long Thanh Airport.

According to the press, the reason why public is concerned about Geleximco’s proposal is because in past time, a lot of projects participated by Chinese partners are involved in capital debt or slow progress, while Long Thanh Airport is a large project of Vietnam.

Commented on this proposal, Deputy Minister Nguyen Ngoc Dong said that the Ministry of Transport is implementing the Government’s resolutions on the construction of Long Thanh airport.

Up to this time, Dong Nai province has completed the feasibility study on compensation for ground clearance. The Ministry of Transport is recruiting consultants to study the feasibility of Long Thanh Airport.

“We expect that the study will finish by 2018 and will e submitted to the Government in mid-2019, in accordance with the regulations of Ministry of Construction on investment,” said the Deputy Minister.

Regarding the investment proposal on Long Thanh Airport, Mr. Dong affirmed that it welcome all investors who are interested in investing.

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Even in the pre-feasibility study of the project to seek investment instruction has also studied some items that the State can use public investment capital, some can attract other economic sectors.

“As I said above, the project is in the phase of selecting, consulting and has not completed feasibility study. After being reviewed by government and submitted to the National Assembly for approval, we will consider selecting investment in the public and transparent manner, attracting investment capital in the private and public sectors in accordance with regulations on state investment,” said Mr. Dong.

Previously, in a writing document sent to the Prime Minister, Geleximco proposed the Government to agree in principle to invest in the construction of Long Thanh International Airport in the form of public-private partners.

Geleximco Chairman Vsu Van Tien said that it has close relationships with some of China’s major enterprises, such as KAIDI Yangguang New Energy Corporation specializing in investment and construction and operating energy and infrastructure projects in Vietnam; Some large investment funds such as Huarong Asset Management Corporation of China, a state-owned company with total assets of more than USD  250 billion which has capabilities and management experience in asset management and investment, Rensheng Investment JSC and Hong Kong Investment Group Corporation and large investment group in Hong Kong such as IDG …

“With capacity, experience and financial strength in the difficult current financial situation of other investors, we propose the Prime Minister to agree in principle for investment projects to construct Long Thanh international airport in the form of public-private partnerships, “Geleximco Chairman suggested.

Geleximco leaders also emphasized that with experience in implementing, building and managing investment projects on transportation and airports, as well as the ability to arrange funds for the project, Long Thanh international airport will be guaranteed the progress with the operational construction period from 3 -5 years, the lowest investment cost for a new modern airport.

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