Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Singapore to restart work on new airport terminal as passengers return

Published 05/16/2022, 11:45 PM
Updated 05/16/2022, 11:51 PM
© Reuters. FILE PHOTO: Travellers walk with their luggage at the Changi Airport in Singapore March 30, 2022. REUTERS/Edgar Su/Files

By Chen Lin

SINGAPORE (Reuters) - Singapore will resume building a fifth terminal at its Changi Airport after a two-year hiatus, the transport minister said on Tuesday, as regional and global air and passenger traffic recovers from the pandemic.

Traffic in May doubled compared with March to stand at about 40% of pre-pandemic levels, transport minister S. Iswaran said in a speech at an aviation summit on Tuesday.

"Given the current and projected recovery in air travel demand, we have a renewed impetus to secure our infrastructural capacity for growth," he said.

Singapore is one of Asia's main travel hubs and saw more than 68 million passengers pass through Changi Airport in 2019.

The government paused work on the latest terminal two years ago because of the pandemic to re-assess the trajectory of aviation growth and review the terminal's design to meet the needs of post-pandemic travel, he added.

The city-state plans to start construction of terminal 5 in two to three years to have it ready to meet anticipated demand around the mid-2030s, Iswaran said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.