[williamchung taiwan]

Taiwan Taoyuan Airport expansion to cost NT$300 billion: officials
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Taipei, April 19 (CNA) The Civil Aeronautics Administration (CAA) said Tuesday that it will cost NT$300 billion (US$10.4 billion) to refurbish and expand Taiwan Taoyuan International Airport, the country's main gateway.

After the Executive Yuan approved the Conceptual Plan for Airport Park on April 11, the CAA said the airport complex will be expanded from 1,249 hectares to 1,994 hectares.

The project includes the construction of a third terminal by 2018 and another runway by 2021. These two aspects of the project will account for most of the expansion and are integral to the plan to develop the airport as a regional hub, the CAA said.

In addition, the Free Trade Zone inside the airport will be expanded from 45 hectares to 200 hectares, it said.

The construction of the new runway will cost an estimated NT$10 billion, while the new terminal and related facilities such as a ground transport center will cost around NT$67 billion, the CAA said.

Upon completion of the project, the airport will be able to accommodate 58.9 million passengers and 4.48 million tons of cargo volume per year by 2030.

The CAA said it will immediately start the land expropriation process, which will cost NT$60 billion.

(By Wang Shu-fen and Lee Hsin-Yin) enditem /pc