Coteccons consortium wins Long Thanh Airport contract worth 128 mln USD

A perspective view of the Long Thanh International Airport parking facility project in Dong Nai Province. (Photo courtesy of Coteccons)

Package 7.8 under Component 3 – Essential Facilities covers superstructure, external infrastructure and equipment installation for the under-construction Cargo Terminal No. 1.

The terminal is designed to have an annual capacity of 550,000 tonnes of cargo.

Spanning 8.4ha of gross floor area and rising to 30m, the package requires advanced steel–concrete solutions, synchronised execution and accelerated progress within 330 days.

The rapid schedule and technical complexity make the package a formidable challenge for the contractors.

The consortium’s advantage lies in the combined expertise of Coteccons, which has more than 21 years of experience in general contracting, Hancorp, a familiar name in airport infrastructure, and ATAD, a leading specialist in steel structures.

Vo Hoang Lam, general director of Coteccons Business Unit 1, said: “Public investment and infrastructure are opening up Vietnam’s construction industry. Coteccons has identified this sector as a strategic pillar alongside civil construction, enabling project portfolio diversification, sustainable revenue streams and long-term growth momentum.

“This is not just a business opportunity but also our way of contributing to national development, while pursuing our targets of 3 billion USD in revenues and 1 billion USD in market capitalisation.”

According to the Global Infrastructure Hub, Vietnam is expected to require an average of 25 billion USD annually over the next 20 years, the majority in transport.

Against this backdrop, Coteccons is seeking to expand market share, capitalising on public investment flows and preparing to participate in mega-projects such as expressways, railways and metro lines.

Winning Package 7.8 at Long Thanh marks a significant step in Coteccons’ deeper engagement with public infrastructure, underscoring its strategy of revenue diversification and sustainable growth, Lam said./.

VNA

Source: https://en.vietnamplus.vn/coteccons-consortium-wins-long-thanh-airport-contract-worth-128-mln-usd-post326719.vnp