Shanghai Pudong Airport plans to lift capacity 80pc
Shanghai Pudong Airport says it plans a big expansion of Terminal One, lifting the terminal's capacity for passengers 80 per cent to meet rising demand at the mainland's busiest international airport as part of a more than 1.2 billion yuan (HK$1.47 billion) upgrade.
The upgrade is part of the Shanghai government's plans to grow the city as an international air hub.
Last month, the central government approved Pudong Airport's plan to build its fourth and fifth runways, with the airport expected to handle 60 million passengers in 2015, up from 41 million last year.
The Terminal One extension project will lift capacity to more than 36 million passengers a year from 20 million currently, and the terminal will be linked to another, existing external terminal, according to an announcement filed with the Shanghai Stock Exchange yesterday.
The airport said the luggage system and conveyors in the terminal would also be upgraded.
The renovation work will start this year and is expected to be completed in 2014, and Pudong Airport's parent, Shanghai International Airport Holdings, will fund the project from internal resources. The construction work would not disrupt flights at Pudong Airport, the company said.
Last year, Shanghai's two airports - the other is Hongqiao International Airport - handled 74.5 million passengers, up 3.73 per cent year on year, slower than the 25 per cent growth in 2010 notched up on the back of the World Expo in Shanghai.
The Pudong upgrade is part of Beijing's effort to invest in airports and other infrastructure to support air traffic growth.
Shares in Shanghai International Airport closed 2.76 per cent higher at 12.66 yuan in Shanghai yesterday.