Published on : Friday, August 1, 2014
Asian countries such as China, India, Philippines and Indonesia are set to invest more than $100bn in new airports in a bid to cater to the increasing passenger traffic.
Governments in the Asia-Pacific region are also planning to expand existing airports to cope with the increased influx of tourists.
According to an Agence France-Presse report published in the South China Morning Post, the investment will fund the construction of new airports, which will accommodate the rising number of passengers.
Frost & Sullivan Asia-Pacific global vice-president Chris De Lavigne said: “During the next ten years, we will see more than 350 new airports in the Asia-Pacific region and the investment cost will be well over $100bn.”
“China is building more than 100 airports, India is building more than 60 airports and Indonesia will also have to follow suit with investments in its infrastructure.
”According to the United Nations World Tourism Organization, tourism in the Asia-Pacific region in the first four months of the year increased by more than 6%, which is higher than the global average of 5%.
South Asian countries witnessed a yearly growth of more than 8% and the growth within the Asia Pacific region was said to be more.
China is set to build an $11bn airport in Beijing, which is expected to open in 2018 and will have the capacity to handle 40 million passengers.
Tags: Airline News, Asian countries consider $100bn investment in new airports
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