By Daniel Shane www.arabianbusiness.com
Authorities at Singapore’s Changi Airport say they will double the Asian hub’s passenger capacity to almost 140m per year over the next decade, potentially challenging Dubai’s plan to position itself as the world’s largest commercial aviation centre.
The city state’s transport minister Lui Tuck Yew said that a fourth terminal at Changi, capable of handling 16m passengers, will be completed by 2017 at a cost of S$1.28bn ($1bn). This will be in addition to a further fifth terminal with capacity of 50m passengers, he said.
Changi can currently handle about 70m passengers per year and saw 48.6m visitors in the first 11 months of 2013. Once works are complete in the middle of the next decade, the airport’s total maximum capacity will be approximately 136m passengers per year.
The airport is anticipating around 5 percent passenger growth per year on the back of a raft of new budget airlines setting up in South East Asia. More info