Taiwan economy: Quick View – Tourism boom fuels airport expansion plans
On November 1st the cabinet approved plans to expand Taipei’s Songshan airport.
The proposals will pave the way for the development of an area next to Songshan, the capital’s secondary international airport, into a business and conference hub – complete with shops and offices – catering to international business travellers. They call for NT$10bn (US$337.7m) in public funding to acquire land, upgrade transport links and expand the airport’s capacity. The work is expected to be completed by 2030. Currently, Songshan mainly serves the domestic market, although it also hosts some international flights and an airforce base. As part of the project, Taiwan’s armed forces have committed to reducing their use of the airport to free up capacity for other purposes.
The approval for Songshan’s plans means that three of the island’s four international airports are now undergoing, or are set to undergo, expansion. Taichung’s Ching Chuan Kang Airport is adding a new terminal, which may be completed in 2013, and Taipei’s primary international airport, Taoyuan, is undergoing a massive upgrade designed to increase capacity to around 43m passengers per year (it handles around 25m passengers a year at present). The Taoyuan expansion will be completed in phases between 2013 and 2018.
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