Phan Thiet airport BOT contract will be terminated

Binh Thuan Phan Thiet airport project adjusted planning, increased total investment, so had to readjust policy, terminate BOT contract ahead of schedule.

The information is mentioned in the report of Binh Thuan Provincial People's Committee sent to the Government Office on key local projects.

Phan Thiet airport project was initially planned as a 4C level, with a 2,400 m runway and a capacity of 500,000 passengers per year. In September 2016, Binh Thuan Provincial People's Committee signed a BOT (Operate - Build - Transfer) contract with Rang Dong Joint Stock Company to invest in the civil aviation sector.

Perspective of Phan Thiet Airport when it was selected in 2014. Source: Binh Thuan Information Portal

By 2018, the planning of Phan Thiet airport was adjusted by the Ministry of Transport to become a level 4E domestic airport, with a 3,050 m long runway and a passenger terminal with a designed capacity of two million passengers per year.

Due to the change in scale and total investment, many points in the BOT contract are no longer suitable. On June 6, the People's Committee of Binh Thuan province sent an official dispatch requesting Rang Dong Joint Stock Company to terminate the project contract ahead of schedule. After the two parties reach an agreement, the province will sign a document on the conditions for terminating the BOT contract.

According to the roadmap, the locality will find a new investor with enough capacity to carry out civil projects to replace Rang Dong Joint Stock Company.

Panoramic view of Phan Thiet airport under construction, June 2023. Photo: Khai Nguyen

Phan Thiet Airport was approved by the Prime Minister in 2009 as a combined military and civil airport, covering an area of ​​543 hectares, built in Thien Nghiep commune. The Ministry of National Defense was assigned as the competent authority for the military category, while the civil aviation category was presided over by the People's Committee of Binh Thuan province.

The project started in early 2015, then paused. In April 2021, the project was restarted by the Ministry of National Defense. The Air Defense - Air Force is focusing on constructing runways, taxiways, aircraft parking lots, etc. To date, the military project has achieved over 60% progress.

Khai Nguyen

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