Taiwan's Civil Aeronautics Administration stated it would cost TWD300 billion (USD10.4 billion) to refurbish and expand Taiwan Taoyuan International Airport (CNA/Monsters and Critics, 19-Apr-2011). The government has endorsed the plan to handle increased passenger and cargo traffic, especially from China, in the coming years. The expansion plan calls for a third runway and a third terminal building. Upon completion in 2030, the airport is expected to handle 59 million passengers p/a up from 25 million in 2010. It would have a capacity for 4.5 million tons of cargo, up from 1.8 million tons in 2010, and aircraft landings and take-offs will increase from 155,000 to 467,000. As part of the expansion, the airport complex would be expanded from 1249ha to 1994ha. 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 45ha to 200ha, it said. The construction of the new runway will cost an estimated TWD10 billion (USD347 million), while the new terminal and related facilities such as a ground transport center will cost around TWD67 billion (USD2.3 billion), the CAA said.
Taiwan Taoyuan expansion to cost USD10.4bn
You may also be interested in the following articles...
Taiwan's TransAsia Airways collapses, having failed to address changes in Asian aviation
The repeated strategic failures of TransAsia Airways have resulted in the Taiwanese carrier being punished with market exit. Outside the domestic market TransAsia amassed little presence, and its departure will not greatly affect the market. But its collapse is an example for all: TransAsia is an unfortunate example of having failed to address market changes around Asia, and more specifically – needing to evolve out of a small regional full service airline.
There will undoubtedly be a superficial narrative that TransAsia struggled to recover from two tragic fatal accidents. But as at Malaysia Airlines, TransAsia's underlying problems existed before the crashes. Unlike Malaysia Airlines, TransAsia did not move fast enough to get its house in order.
China Airlines to resume Taipei-London, becomes the last major Asian flag airline to fly to London
China Airlines plans to resume Taipei-London service with the A350 by the end of 2016. The swift interest and compressed timescale may reflect the airline's new government-appointed chairman wanting to refocus the airline. The number of Taiwanese visitors to the UK has grown since China Airlines exited London in 2012, but volume is still small and one-stop competition has grown in what is mostly a leisure and price-sensitive market. China Airlines is stressing the opportunity to connect London with its growing Australian markets, but its three online Australian cities are served less than daily. Australia-London/Europe competition has also grown, so China Airlines – despite an improved product to London – will likely pick up fringe traffic. There are stronger opportunities for the relatively sleepy airline in the dynamic and booming Northeast Asia.
China Airlines will become the last major Asian flag airline at London Heathrow following the previous entry of Garuda, Philippine Airlines and Vietnam Airlines. Only Mongolia's MIAT is absent. 12 Asian airlines fly long haul but do not serve London. Besides MIAT and Hong Kong Airlines, the only Asian airlines not in London are Mainland Chinese airlines or long haul LCCs.