Bangkok Airports Set for $4.8 Billion Expansion as Tourism Booms [BNN Bloomberg (Canada)]
AIRPORT OF THLND UNSP/ADR (AIPUY)
NASDAQ:AMEX Investor Relations:
aot.listedcompany.com
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Source: BNN Bloomberg
In the biggest expansion of Suvarnabhumi airport since it opened in 2006, two new runways, a new terminal and the expansion of the existing passenger terminal will increase annual capacity to 135 million travelers from about 60 million now, Airports of Thailand Pcl President Kerati Kijmanawat said in an interview. The project will cost about 140 billion baht ($3.8 billion), he said. A new international terminal to be built at Don Mueang airport and renovation of the existing building, at a cost of 36 billion baht, will lift capacity to 50 million passengers a year by 2030 from 30 million now, he said. The older Don Mueang mostly handles regional and budget carriers. AOT, as the state-controlled company is known, will use internal revenue for the projects and consider bank loans only if necessary, Kerati said. AOT is on course to more than double net income to 21 billion baht in the fiscal year ending Sept. 30, according to analyst estimates compiled by Bloomberg. The company is
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