S. Korea to spend US$3.12 bil. on Incheon expansion

Work on the four trillion won (3.12 billion dollar) project will start in 2011 and finish by 2015, the ministry of land, transport and maritime affairs said in a statement.

A second passenger terminal will be built and existing facilities including the cargo terminal expanded.

The airport, now capable of handling 44 million passengers and 4.5 million tonnes of cargo per year, will be able to handle 62 million passengers and 5.8 million tonnes annually once the expansion is complete, the ministry said.

It said the aim is to turn the country's major international gateway into a hub for Northeast Asia.

The project is expected to generate around 80,000 new jobs, the ministry said.

Incheon topped a global poll of best airports conducted by consultancy group Skytrax and released this month.

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email