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Contractors for Ho Chi Minh City airport terminal announced

Contractors for Ho Chi Minh City airport terminal announced

Monday, August 14, 2023, 16:55 GMT+7
Contractors for Ho Chi Minh City airport terminal announced
The VND9-trillion (US$378.8 million) T3 passenger terminal package at Tan Son Nhat International Airport in Ho Chi Minh City will kick off in August 2023. Photo: Ngoc Hien / Tuoi Tre

A consortium of six Vietnamese enterprises has won a VND9-trillion (US$378.8 million) package to construct and install equipment at the T3 passenger terminal of Tan Son Nhat International Airport in Ho Chi Minh City.

The Airports Corporation of Vietnam (ACV) announced the results of the bidding package, with the winner being the consortium of Hanoi Construction Corporation, Construction Corporation No. 1 JSC, 319 Corporation, Truong Son Construction Corporation, Luu Nguyen Construction Co. Ltd., and Ricons Construction Investment JSC.

The consortium met all technical requirements for the package and offered a bidding price that was over VND22 billion ($930,544) lower than the estimated price.

The plan is to execute the package within 20 months from the date the investor starts work on the project and hands over the cleared site to the consortium, including weekends and holidays.

It means that the terminal could be put into operation by 2025.

Notably, among the six enterprises of the consortium, Hanoi Construction Corporation, Construction Corporation No. 1 JSC, and Ricons Construction Investment JSC also belong to the Vietur consortium led by Turkey’s IC Holdings, which meets all technical requirements for package 5.10 worth over VND35.2 trillion ($1.5 billion) to construct the passenger terminal at Long Thanh International Airport in southern Dong Nai Province, about 40km from Ho Chi Minh City.

Ricons is part of an ecosystem of construction enterprises owned by Nguyen Ba Duong, a famed businessman in Vietnam’s construction sector.

The firm generated a net revenue of over VND2.1 trillion ($88.8 million) in the second quarter of this year, down 24 percent year on year, and a profit of over VND52 billion ($2.2 million), surging 90 percent.

Its net revenue and profit hit some VND3.8 trillion ($160.7 million) and VND68 billion ($2.9 million) in the first half of the year, respectively.

Meanwhile, Hanoi Construction Corporation under the Ministry of Construction has conducted many infrastructure projects.

Its net revenue fell 29 percent to reach VND901 billion ($38.1 million) in the first half of the year, while its profit plunged 76 percent to VND11 billion ($465,619).

Construction Corporation No. 1 JSC specializes in executing civil and industrial construction, infrastructure, and energy projects.

In the first six months of this year, the firm reported a net revenue of VND1.8 trillion ($76.2 million), a pre-tax profit of nearly VND19 billion ($803,758), and an after-tax profit of VND5.7 billion ($241,127).

Work began on the new T3 terminal of Tan Son Nhat International Airport, which requires a total estimated investment of nearly VND11 trillion ($466.8 million), in December last year.

Of the total capital, 70 percent will be sourced from the ACV’s equity and the remaining from commercial loans.

An artist’s impression of the T3 passenger terminal at Tan Son Nhat International Airport in Ho Chi Minh City which is inspired by ‘ao dai’ (Vietnamese traditional costume). Photo: ACV

An artist’s impression of the T3 passenger terminal at Tan Son Nhat International Airport in Ho Chi Minh City which is inspired by ‘ao dai’ (Vietnamese traditional costume). Photo: ACV

The T3 terminal project includes three main components: a passenger terminal, a multi-story parking lot with non-aviation services, and a viaduct system that leads to the terminal.

The passenger terminal, covering a total floor area of 112,500 square meters, was designed to have a basement and four floors.

It will accommodate 90 counters, 20 automated baggage drop counters, 42 check-in kiosks, 27 doorways leading to aircraft, 16 baggage storage facilities, and 25 security gates.

The terminal will also have eight security gates and a lounge for VIP, business-class, and priority passengers.

It will have a capacity of 20 million passengers per year once completed, according to the ACV.

Earlier, the ACV announced that only Vietur met all of the technical requirements for package 5.10 of the Long Thanh International Airport project.

The Hoa Lu consortium led by Vietnamese construction firm Coteccons and the consortium of CHEC-BCEG-Vietnam Contractors led by China Harbour Engineering failed to meet the requirements.

The ACV will assess Vietur’s financial plan for the package this month.

The Hoa Lu consortium later denounced the Vietur consortium for allegedly violating bidding regulations and failing to meet requirements of the tender package.

Deputy Prime Minister Tran Hong Ha later asked relevant agencies to review and resolve Hoa Lu’s complaint.

The Ministry of Planning and Investment also required the ACV to deal with the complaint while ensuring the progress of the project.

Le Viet Hai, chairman of Hoa Binh Group, a member of the Hoa Lu consortium, has directly filed the complaint to the lawmaking National Assembly.

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Thanh Ha - Ngoc Hien / Tuoi Tre News

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