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Vietnam in need of over 1.17 bln USD on upgrading airports in 2016-2018

Xinhua, June 10, 2016 Adjust font size:

The Airports Corporation of Vietnam (ACV) is planning an investment plan worth 26.206 trillion Vietnamese dong (over 1.175 billion U.S. dollars) during 2016-2018 period, with an aim of upgrading the country's airports.

Specifically, ACV will spend some 7.774 trillion Vietnamese dong (348.61 million U.S. dollars) on upgrading runways and taxiways. The investment is set to come from state budget, according to the E-Portal of Vietnamese government on Friday.

Meanwhile, the rest of some 18.432 trillion Vietnamese dong (826.55 million U.S. dollars), which will be mobilized by the ACV itself, will pour on improvement of terminals and parking grounds.

Currently, the ACV is responsible on managing and exploiting all 22 airports across Vietnam. Among those, there are nine international airports and 13 domestic one, with designed capacity of welcoming 80 million passengers per year. Enditem