Le Quyet Tien, head of the bureau under the Ministry of Transport, said a feasibility report for the T3 terminal has been completed and is expected to be approved early November.
One challenge for the project is the fact that its main investor, the Airports Corporation of Vietnam (ACV), has not received the 16-hectare land plot from the Ministry of National Defense, which manages the property.
The defense ministry has finished its plan to organize its assets and is waiting for feedback from the Ho Chi Minh City People’s Committee, which is yet to respond. The land plot to be handed over is in Tan Binh District’s Ward 4.
The T3 terminal has been approved at a cost of VND10.99 trillion ($482.6 million), using the ACV’s budget. Construction is expected to take 37 months.
The terminal, with a capacity of 20 million passengers a year and is intended for domestic flights, is expected to relieve the current overload on T1.