Singapore airport to get billion-dollar terminal boost

reuters.com 08 Feb '13, 8am

Singapore airport to get billion-dollar terminal boost

SINGAPORE | Fri Feb 8, 2013 3:03am EST SINGAPORE (Reuters) - Singapore's Changi Airport, considered one of the best in the world, said on Friday it will boost passenger handling capacity by around 25 percent with a fourth terminal that will cost an estimated S$1.28 billion ($1.03 billion). The Southeast Asian city-state, one of the main Asian gateways for international travelers, said construction of Terminal 4 (T4) would begin this year with completion expected in 2017. The terminal will be able to handle 16 million passengers a year, raising Changi's handling capacity to 82 million a year. Changi last year handled a record 51 million passengers, a 10 percent increase over 2011. "Changi Airport has always stayed ahead of its capacity needs. This approach has underpinned Changi's success as an air hub," CEO Lee Seow Hiang said in a statement. Parliament is currently debati...

Full article: http://www.reuters.com/article/2013/02/08/us-singapore-ai...

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