Thailand earmarks $1.98b for Suvarnabhumi expansion

Thailand's Cabinet has approved an investment budget of US$1.98 billion, proposed by Airports of Thailand, for the expansion of Bangkok's Suvarnabhumi airport, reported Dow Jones Newswires.

Transport Minister Sophon Zaram said of the total budget for the expansion programme, to be implemented between the fiscal years 2011-2016, $1.42 billion will be financed by the company's internal cashflows and $553.35 million by offshore borrowings.

Under the approved budget, Airports of Thailand will build a midfield satellite building and expand the existing terminal building, which will boost passenger capacity to 60 million from 45 million at present.
(Source:www.cargonewsasia.com)