Tan Son Nhat airport ‘s third terminal was approved for investment of VND 10.99 trillion ($472 million) by Prime Minister Nguyen Xuan Phuc. Construction on the project is expected to begin in October 2021.
The state-run Airports Corporation of Vietnam(ACV), which manages 22 civil airports in the country, has been approved to be the project investor. It will fund the estimated $472 million investment on its own and build the terminal in 37 months.
T3 will have a total floor area of about 100,000 square meters and a designed capacity of 20 million passengers per year. The project also includes the expansion of parking lots and construction of supporting structures, including technical buildings, wastewater treatment plants and water station.
The third terminal at the Tan Son Nhat International Airport, the largest in the country, will reduce overload at the current T1 domestic passenger terminal.
The Transport Ministry had approved an increase in the airport’s capacity to 50 million passengers by 2025, with the third terminal managing 20 million and the other two, upgraded, managing the rest. The land to the north of Tan Son Nhat, which includes a golf course and a 16-hectare lot managed by the Ministry of Defence, will be used as a cargo terminal and support facilities after 2025.
Prime Minister Nguyen Xuan Phuc emphasised that the chosen plan achieves the highest efficiency in land and capital use, as well as guaranteeing technical, security and safety issues.
According to ADPI, the construction of a terminal to the north of the airport would cost double and take longer, while the new terminal would be separate from the two existing terminals, making landing and take-off procedures less efficient.
The French consultant said that the first phase of chosen plan could be completed in 2-3 years, helping to ease the pressure on the overburdened airport.