CC1 - COTECCONS - FECON JOINT VENTURE SECURES 3.144 BILLION VND CONTRACT FOR LONG THANH AIRPORT PROJECT

The Airports Corporation of Vietnam (ACV) recently approved the contractor selection results for the package 11.5, "Construction, Equipment Installation, and Shop Drawing Design for the Parking Garage" of the Long Thanh International Airport project, Phase 1.

The joint venture, comprising Construction Corporation No. 1 (CC1), Coteccons Construction JSC (CTD), and FECON Corporation (FECON), has won Package 11.5, valued at nearly VND 3.144 trillion, 1.9% lower than the estimated bid value of VND 3.2049 trillion. The contract performance is 16 months from the commencement date, including holidays and regulated days off.

According to FECON, CC1 is the leading joint venture, responsible for drawing design, construction, and supplying and installing equipment. Meanwhile, Coteccons and FECON will focus on structure construction and other works.

The Long Thanh International Airport project – Phase 1 has a total investment of approximately VND 109.111 trillion (equivalent to over USD 4.6 billion). This is one of Vietnam’s key national aviation infrastructure projects, playing a crucial role in the development strategy of the airport network, alleviating congestion at Tan Son Nhat Airport, and enhancing the country’s air transport capacity.

Phase 1 of the Long Thanh International Airport Project consists of several key components, including the passenger terminal, runways, aircraft aprons, air traffic control tower, and supporting facilities.