Taiwan plans USD8.6bn upgrade for Taoyuan Airport
Taiwan's Government plans to invest almost USD8.6 billion to upgrade Taoyuan International Airport (Dow Jones, 29-Sep-2010). Deputy minister of Transportation and Communications, Yeh Kuang-shih, said cross-Strait services will be key to increasing air traffic to Taiwan by helping to "make Taipei into a transfer hub for China and Southeast Asia to other places across the world". The plans include the construction of a third terminal, a third 4,000m runway to accommodate larger aircraft, and a direct-rail link to Taipei. Construction has commenced on the rail link. The government will hold an international competition in 2011 for the design of terminal three, which is expected to be completed in six years.