Global airport construction review 1Q2016. Almost USD200 billion investment in 394 new airports
In Jan-2014 and Jan-2015, CAPA published airport construction reports based on the CAPA Airport Construction Database, which was added to the portfolio of airport data suite products in Feb-2013. The database lists current and anticipated projects and expenditure at existing airports, new airport projects that are under way or planned, and recently completed products. In total, CAPA is aware of 394 new airports under construction, or planned for.
The 2014 report found airport construction projects to the value of USD385 billion globally, and the 2015 report found a value of USD543 billion globally - either new ones, or continuations of existing ones previously listed. As at 18-Jan-2016), and including new-build projects, that total comes to over USD900 billion, though it should be noted that speculative (and sometimes vague) proposed country-wide projects, such as those in Iraq and Iran for example (total USD60 billion), are included for the first time. Notable once again for the low level of investment, relative to market size, is the US.
While the number of existing airport projects has increased since the beginning of 2015, new airport projects have increased dramatically, by over 25%. For that reason this year’s report gives an overview of the main projects and investments at existing airports, but focuses more than previously on the new-build airports.
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