By Dominic Welling
The Vietnamese government has approved a masterplan to spend $642 million on the modernisation of Phu Bai International Airport by 2020.
The project is expected to increase the gateway's annual passenger capacity to 5 million by 2020, which should jump to 9 million passengers by 2030.
At the moment, the airport can only handle 500,000 passengers per year.
After the revamp, the airport's annual cargo capacity will also be increased to 100,000 tonnes by 2020 and 200,000 tonnes by 2030.
According to Business Monitor’s Vietnam Freight Transport report for the first quarter of 2011, the Vietnamese government has ambitious plans to modernise and expand the country's airport infrastructure.
However, some plans – like the Long Thanh International Airport – have been in the pipeline for years with little progress being made.
At the end of August 2010, the Vietnamese government announced it was considering a joint venture (JV) to upgrade the Phu Bai International airport which is in the Thua Thien-Hue province.
The government has since urged the Ministry of Transport to submit a JV plan involving foreign investment to upgrade the airport.
Meanwhile, Phu Bai International Airport will be closed from May 13 until June 13 for work to be carried out on upgrading the runway.