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Chinese firm involved in bid to build Long Thanh International Airport

Staff Writer |
Hanoi General Export Import (Geleximco) is seeking the Ministry of Transport’s permission to work with a Chinese company to build Long Thanh International Airport.

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Geleximco Chairman and General Director Vu Van Tien said that his company and the Chinese partner want to apply for public–private partnership (PPP) for the project and claimed they could put the project into operation after 3-5 years of construction.

Tien did not reveal the name of the Chinese partner. However, earlier, he had ever told reporters that his company had a close relationship with some Chinese firms, including Sunshine Kaidi New Energy Group Co., Ltd.

Last year, Geleximco also sought for the Ministry of Transport’s approval to co-operate with Hong Kong United Investors Holding (HUI) to invest in four large-scale infrastructure projects in Vietnam which have a total capital investment of around $50 billion, including Long Thanh International Airport.

HUI set up Hong Kong United Investors Holdings Vietnam on August 15, 2016 to prepare for its investment roadmap in Vietnam.

It has a registered capital of $50 million and its business scope focuses on civil construction and development of railways and roads.

Minister of Transport Truong Quang Nghia recently said that the total investment of Long Thanh International Airport in Dong Nai Province could reach $16 billion.

Long Thanh Airport project's funding is expected to come from the state budget, ODA, private sector investment and public - private partnerships.


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