PM attends signing ceremony of 1.8 billion USD contract for Long Thanh airport project

Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth 1.8 billion USD for the component project 3 of the Long Thanh international airport investment and construction project's Phase I invested by the Airports Corporation of Vietnam (ACV) in Hanoi on June 1. The credit comprises 1 billion USD from the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), 450 billion USD from the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and 350 million USD from the Bank for Investment and Development of Vietnam (BIDV). The airport, with a total capacity of 100 million passengers and 5 million tonnes of cargo a year, has a total investment of 336.63 trillion VND (13.71 billion USD). It will be able to handle 25 million passengers and 1.2 million tonnes of goods a year after its first phase is completed in 2026. Source: Vietnam News Agency