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Malaysian airports to be upgraded under 5-year US$1 billion plan
MALAYSIA is to invest US$1 billion to expand its airports, says Malaysia Airports Holdings managing director Badlisham Ghazali.
"There are other airports that have grown beyond capacity," including the tourist island of Langkawi, Kota Bharu in the north and Kota Kinabalu in Sabah, Mr Ghazali told Bloomberg in an interview in New Delhi.
The Malaysian government will foot part of the planned $1 billion investment, with the rest coming from Malaysia Airports, Mr Badlisham said.
The upgrade of facilities is likely to benefit regional airlines such as AirAsia, which are expanding their fleets and adding more routes.
Kuala Lumpur's new budget passenger terminal probably will hit its peak annual capacity of 45 million passengers much earlier than projected, although it won't require much fresh investment as most facilities for planned capacity have already been built, Mr Badlisham said. The terminal's main user is AirAsia Bhd, which last year criticised the facility over water-logging and taxiway cracks.
"There are other airports that have grown beyond capacity," including the tourist island of Langkawi, Kota Bharu in the north and Kota Kinabalu in Sabah, Mr Ghazali told Bloomberg in an interview in New Delhi.
The Malaysian government will foot part of the planned $1 billion investment, with the rest coming from Malaysia Airports, Mr Badlisham said.
The upgrade of facilities is likely to benefit regional airlines such as AirAsia, which are expanding their fleets and adding more routes.
Kuala Lumpur's new budget passenger terminal probably will hit its peak annual capacity of 45 million passengers much earlier than projected, although it won't require much fresh investment as most facilities for planned capacity have already been built, Mr Badlisham said. The terminal's main user is AirAsia Bhd, which last year criticised the facility over water-logging and taxiway cracks.
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