25 Dec '11, 12pm

New airport terminal set to be built within this decade: Analysts

SINGAPORE - Singapore's current Budget Terminal may be shifted to make way for a fourth terminal that analysts say is likely to take place closer to the end of the decade. That is because once the ASEAN Open Skies agreement is in place by 2015, passenger traffic will likely grow by at least five per cent each year. Analysts Channel NewsAsia spoke with said with the growth of passenger volume, comes the need for expansion. Changi Airport's existing three terminals can accommodate about 70 million passengers annually, and passenger traffic this year is likely to exceed last year's 42 million. Shukor Yusof, and aviation analyst with Standard & Poor's, said: "We still have some capacity with Terminal 3 still not being maximised yet, there's still a lot of room there. "But beyond that, obviously there is going to be a need to expand the airport with the new terminal, given the ...

Full article: http://www.todayonline.com/Singapore/EDC111225-0000029/Ne...

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