$1.4b boost for Changi

PUBLISHED : Wednesday, 25 February, 1998, 12:00am
UPDATED : Wednesday, 25 February, 1998, 12:00am

Singapore's Changi international airport is to get a new air-freight terminal, boosting its position as Southeast Asia's leading air-cargo hub, according to a Singapore Airlines (SIA) official.

Singapore Airport Terminals Services (Sats), a wholly owned unit of SIA, would develop the terminal, due for completion by late 2000 at a cost of S$300 million (about HK$1.4 billion), the company said.

Cargo volume handled by Sats has grown an average 15 per cent a year to reach 1.17 million tonnes in 1997, requiring a new terminal to meet expected demand, SIA said.