Appraisal council set up for Sapa airport project’s pre-FS

Appraisal council set up for Sapa airport project’s pre-FS

The Saigon Times

HCMC – Prime Minister Nguyen Xuan Phuc has decided to establish an appraisal council for the pre-feasibility study (pre-FS) of the Sapa airport project in the northern upland province of Lao Cai, with a total investment of VND5.9 trillion, reported the Dan Tri news site.

The Ministry of Planning and Investment is the standing unit of the council, with its minister serving as the president of the council and its deputy minister as vice president. Other members are leaders of various ministries, the State Bank of Vietnam and the provincial government.

The council has been tasked with appraising the pre-FS and submitting it to the prime minister to consider and approve the investment of the project.

Besides this, it has to make decisions on the appraisal plan and the relevant issues during the appraisal process as well as request the competent agencies to provide it with materials to serve the appraisal.

Earlier, the provincial government had proposed the prime minister consider and approve a master plan for building the Sapa airport under the public-private partnership format and the build-operate-transfer contract.

According to the approved master plan, the Sapa airport will be developed on some 371 hectares of land in the Cam Con Commune of Bao Yen District. Once completed, the project is expected to serve 2.5-3 million passengers per year. It will be used for both civil and military purposes.