PIF announces pricing of $1.25 billion international sukuk offering    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    Donald Trump looms large over Australia's election    Trump ousts Waltz as national security adviser, nominates him for UN post    Saudi economy posts 2.7% growth in 1Q 2025    Saudi Arabia to rehabilitate six hospitals in Sudan    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    Over 650,000 visit Saudi Arabia's 'Jusoor' exhibition in Jakarta in just six days    Makkah Mayoralty approves 3,149 Hajj housing permits for over 1.8 million pilgrims    King Charles sends heartfelt message to fellow cancer patients    FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    HR Ministry approves regulations for job ads and interviews in private sector    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Malaysia's New Budget Airport Delayed To Mid-2012
Published in Saudi Press Agency on 30 - 08 - 2010

Malaysia's airport operator said Monday a low-cost air terminal expected to be among the largest in the world will be delayed until mid-2012 and cost at least $150 million more than originally planned.
The airport was initially due to be completed by late 2011 but has been delayed by slow progress with building the runway and by design changes that include making the terminal bigger and more secure than originally planned, Malaysia Airports Holdings said.
The design changes also pushed up the cost of the new terminal, located 2 kilometers west of the main Kuala Lumpur International Airport, above its billion ringgit ($635 million) budget, said Bashir Ahmad, managing director of Malaysia Airports.
The final cost could be higher than 2.5 billion ringgit ($794 million), Bashir said but declined to give details. The terminal building is targeted to be completed by April 2012 but the runway won't be ready for two to three months after that due to a delay in earthworks, he was quoted as saying by the Associated Press.
Prime Minister Najib Razak, at a ground-breaking ceremony for the terminal, said it would help Malaysia achieve its goal of boosting tourism revenue by more than threefold to 168 billion ringgit by 2020, from 53 billion ringgit last year.
The new budget terminal, dubbed «KLIA 2», will have an initial capacity to handle 30 million passengers a year, which can be expanded to 45 million people, as well as 70 aircraft parking bays and 6,000 car parks. It will connect with existing airport infrastructure and the main terminal building at KLIA.
A showpiece of the KLIA2 will be the pedestrian sky bridge, the first in Asia, that will link the two terminal buildings for international and domestic arrivals respectively, Malaysia Airports said. An express train line from the city to the main airport will also be extended to the new terminal.
Air Asia, the region's largest no-frills airline by fleet size, has said a bigger terminal is crucial to its survival with passenger traffic slated to reach 30 million and its fleet to grow to 184 planes by 2013.


Clic here to read the story from its source.