Changi airport to invest S$2bn to raise capacity

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Singapore's Changi airport plans to invest S$2 billion ($1.6 billion) on capacity expansion and enhancement programmes over the next five years.

This will go towards a new passenger terminal and expansion of an existing terminal, raising its handling capacity by almost 30% to 85 million, says Changi airport group chief executive Lee Seow Hiang.

"This capacity increase, which will be funded through higher traffic and moderate price adjustments over several years, will ensure that Changi continues to meet demand ahead of time," says Lee.

It is also working with the Civil Aviation Authority of Singapore and airlines to improve the usage of its runways and ease congestion. The airport's latest weekly flight performance statistics indicated an improving trend in flight punctuality over the past two months, he adds.

"We intend to intensify this collaborative approach to managing air-side flows as our overall traffic movements grow," says Lee.

For the 12 months ending March, Changi airport handled 48 million passenger movements, an increase of 12% from the previous year. Cargo throughput grew by 2.3% to 1.87 million tonnes.