The funds will be used to complete a parallel taxiway system at Cat Bi international airport in the northern port city of Hai Phong at an estimated cost of VND900 billion (US$39.6 million), linking with the new runway which will be built in 2018.
In addition, VND2.7 trillion (US$118.8 million) will be earmarked to build the airport’s new runway, terminals and apron to serve up to six million passengers per year.
Meanwhile, the ACV plans to allocate VND165 billion (US$7.2 million) in 2017-2018 to raise the capacity of terminals of Chu Lai international airport in the central province of Quang Nam, aiming to receive 1.5-1.8 million passengers a year.
In 2018-2021, the ACV will spend an additional VND5.5 trillion (US$242 million) to build a new runway, terminal and apron in the airport to serve five million passengers per year.
The corporation will also disburse VND2.65 trillion (US$116.6 million) for a new terminal, parallel taxiway and equipment procurement along with three new aprons in Phu Bai international airport in the central Thua Thien-Hue province, aiming to operate 20 flights in peak time and serve four million passengers.