The Singapore Changi Airport will double its capacity in a decade

Grow 5 % annually in the coming years, they begin to operate its two new terminals

Singapore will grow the capacity of its Changi Airport over the next ten years.

Estimates from Transport Minister Lui Tuck Yew, passenger traffic at this airport will increase at a rate of 5% per year over the next decade , to get double their current numbers .

Changi in 2013 considered the best in the world for its infrastructure and services , currently has three terminals , which have a capacity of 70 million passengers and recorded a traffic of 48.6 million in the first eleven months of 2013 .

Then there are plans underway to expand the airport. As detailed ‘ Bloomberg ‘ , the fourth terminal (which has required an investment of 1,280 million dollars , or about 937 million euros) will be completed in 2017. The expectation is that when you increase the operational capacity of Changi in 16 million passengers .

At that enlargement must add the path prescribed by the Singapore authorities . Their forecasts suggest that the fifth terminal , whose construction is expected to begin in the coming years , will increase capacity to 50 million more .

Only this number almost equals the total traffic was Asian airport during 2012 . In that year , after having transported 51 million passengers, was among the twenty busiest in the world.

Looking ahead , growth in Changi that records will be linked to the economy and the population size to extend their purchasing power and access to means of air transport.

No wonder that in these forecasts up to a dozen airlines have started operations in Southeast Asia so far this century . And, according to the newspaper , the population of the region is already twice that of the United States, while the latest statistics from Capgemini and the Royal Bank of Canada anticipates that by 2014 exceeds the world’s leading economic power in number millionaires.

Source : Bloomberg and ICEX