Overview

Overview

Jan. 03, 2021 – The USD254m greenfield Sa Pa airport project proposed for a 371ha site in the Cam Con commune of Bảo Yên District has been designed with a terminal capacity of 2.5-3.0m pax/year. Federal gov’t funding of USD133m (52%) has been pledged for airfield and road development, with the northern province of Lao Cai contributing USD39m (15%) for land acquisition, relocation of residents and clearing of unexploded ordinance, plus USD5m (2%) from Vietnam Air Traffic Management Corporation (VATM) for air traffic control facilities. The private sector will be invited to invest the balance of up to USD$77m (30%) under a P3-BOT framework. Construction was originally scheduled to commence in 2020 with completion in 2021. Over 4.2m tourists (~17% int’l) visited Lao Cai in 2018, a 20% rise over 2017.

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Vietnam

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Transaction Stage

Stage

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Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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