Singapore's Changi Airport starts building fifth terminal after pandemic pause
SINGAPORE (Reuters) -Singapore's Changi Airport on Wednesday started construction of a fifth terminal, as the world's fourth-busiest airport by international passengers expands to capitalise on growing air travel in Asia after the pandemic.
The airport will also integrate a third runway, which is currently used by the military, by 2030.
Flag carrier Singapore Airlines will eventually consolidate its operations at the new terminal, which will open in the mid-2030s and will be able to handle 50 million passengers per year in its initial phase.
At the groundbreaking, Prime Minister Lawrence Wong said the airport aims to connect Singapore to more than 200 cities by the mid-2030s from around 170 cities now.
The government paused work on the terminal in 2020 for two years as air travel collapsed during the COVID-19 pandemic, and subsequently amended design features to meet the needs of post-pandemic travel.
Changi Airport has a current capacity of 90 million passengers annually and handled 67.7 million passengers last year.
Asia's post-pandemic air travel recovery has lagged in places due to China being slower than the rest of the world to return to international flying.
However passenger numbers in Asia-Pacific are projected to double by 2043, with an annual growth rate of 5.1% outpacing expected growth in Europe and North America, according to the International Air Transport Association (IATA).
The terminal is part of a 1,080-hectare Changi East development, which will also contain cargo and other aviation facilities.
Airport operator Changi Airport Group this month said it had awarded contracts for substructure and airside infrastructure works worth S$4.75 billion ($3.6 billion) on May 5.
Other air hubs in Asia are also expanding capacity to meet future demand. In November, Hong Kong International, the world's busiest cargo airport, began operating three runways to increase the number of flights it can handle.
($1=S$1.30)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
6 minutes ago
- Bloomberg
Nvidia, Samsung Plan Investments in Robotics Startup Skild AI
Samsung Electronics Co. and Nvidia Corp. will take minority stakes in Skild AI Inc. as they seek to bolster their work in the emerging consumer robotics industry. The South Korean tech leader is making a $10 million investment in Skild, which develops software for robots, according to people with knowledge of the matter. The Santa Clara, California chipmaker is putting in $25 million, said the people, who asked not to be identified discussing unannounced plans.


Bloomberg
21 minutes ago
- Bloomberg
Funds Pile Into Southeast Asian Bonds Despite Record Low Yields
Investors are making a beeline for Southeast Asian sovereign bonds despite their record low yields amid a shift away from US assets and on bets for further interest-rate cuts in the region. The average of 10-year yields in Southeast Asian nations relative to US Treasuries has dropped to the lowest in data going back to 2011, according to Bloomberg calculations. The region's bonds are benefiting from investors seeking alternatives to US assets as part of the ' sell America ' trade fueled by unease over President Donald Trump's policies.


Bloomberg
21 minutes ago
- Bloomberg
Japan Credit Sales See Busiest June in Years as Buyers Seek Risk
Japanese borrowers have already sold more corporate bonds than they have for any June in four years, and the month isn't even halfway through. It's a sign that investors are becoming more willing again to take risks, parking their cash in the debt of companies like Nomura Holdings Inc. and Takeda Pharmaceutical Co. rather than staying in the relative safety of sovereign notes.