South Korea's Government plans to invest USD1.60 billion in the third-phase expansion of Incheon International Airport from 2011 to 2015 (Reuters, 04-Jan-2011). The investment will be made by the state-owned airport and the Ministry of Land, Transport and Maritime Affairs. USD3.6 billion (SKW4 trillion) will be spent on construction from 2009 to 2017. In Sep-2011, the government will sell up to a 49% stake in the airport, aiming to complete the deal by 2011, but it has yet to launch the sale as legislation issues were still pending at the parliamentary level.
South Korea to invest USD1.6bn in Incheon by 2015
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