The plan, devised by the Japan Airport Consultancy Company (JAC) in December 2010, envisages that the 5,000-ha Long Thanh International Airport in Long Thanh district will be built in three phases and completed by 2035. 

In the first phase to 2020, the airport will have two runways and be able to accommodate the largest passenger aircraft currently flying, including the Airbus A380. By then, it will be able to handle 25 million passengers and 1.2 million tonnes of cargo a year. 

In the second phase that ends in 2030, the airport will have three runways and improve its capacity to handling 50 million passengers and 1.5 million tonnes of cargo a year. 

In the third phase after 2030, the airport will have four runways and the capacity to serve 100 million passengers and handle five million tonnes of cargo a year. 

The Ministry of Construction estimates that the first phase will cost about US$6.7 billion, including US$696.5 million for land clearance compensation. 

In the master plan, the ministry proposed that the investment for building the airport's taking-off and landing areas as well as roads linking to the airport be sourced from the State budget, Government bonds and Official Development Assistance (ODA) loans. 

The capital for building the airport's passenger and cargo terminals, parking lots and entertainment areas would come from investors and public-private partnerships, the ministry said. 

The Long Thanh International Airport will be located about 40km from HCM City and 43km from the Tan Son Nhat International Airport. 

The ministry also plans that the Tan Son Nhat International Airport will continue operating after the new one opens in Dong Nai. 

In 2020-35, the Long Thanh International Airport will receive 90 percent of international flights and 20 percent of local flights while the Tan Son Nhat International Airport will receive 10 percent of international flights and 80 percent of local flights in the southern region. 

VNA