Coteccons consortium wins $128M Long Thanh airport contract

The HANTA2 consortium, comprising Coteccons Construction, Hanoi Construction Corporation and ATAD Steel Structure Corporation, has won the Component 3 – Essential Facilities package which covers superstructure, external infrastructure and equipment installation for the under-construction Cargo Terminal No. 1.

The construction site of Long Thanh International Airport in Dong Nai Province, southern Vietnam. Photo by VnExpress/Phuoc Tuan

The terminal is designed to have an annual capacity of 550,000 tonnes of cargo. Spanning 8.4ha of gross floor area and rising to 30m, the package requires advanced steel–concrete solutions, synchronised execution and accelerated progress within 330 days.

The rapid schedule and technical complexity make the package a formidable challenge for the contractors.

The consortium’s advantage lies in the combined expertise of Coteccons, which has more than 21 years of experience in general contracting, Hancorp, a familiar name in airport infrastructure, and ATAD, a leading specialist in steel structures.

Vo Hoang Lam, general director of Coteccons Business Unit 1, said: "Public investment and infrastructure are opening up Vietnam’s construction industry. Coteccons has identified this sector as a strategic pillar alongside civil construction, enabling project portfolio diversification, sustainable revenue streams and long-term growth momentum.

"This is not just a business opportunity but also our way of contributing to national development, while pursuing our targets of $3 billion in revenues and $1 billion in market capitalization."

According to the Global Infrastructure Hub, Vietnam is expected to require an average of $25 billion annually over the next 20 years, the majority in transport.

Against this backdrop, Coteccons is seeking to expand market share, capitalizing on public investment flows and preparing to participate in mega-projects such as expressways, railways and metro lines.

Winning Package 7.8 at Long Thanh marks a significant step in Coteccons’ deeper engagement with public infrastructure, underscoring its strategy of revenue diversification and sustainable growth, Lam said.

The Long Thanh airport project, set to become Vietnam's largest, is built on an area of 5,000 hectares, with a total investment of nearly VND336,630 billion (US$12.8 billion), and is a national key project.

Phase one is expected to be operational from 2026 with the capacity to serve 25 million passengers and 1.2 million tons of cargo per year.

When all three phases are completed, the project will have a capacity to serve 100 million passengers and 5 million tons of cargo per year.