When interviewed about funding for Changi Airport Group’s (CAG) next plan to build the Terminal 5 the size ten times that of Vivocity, CAG chairman Liew Mun Leong said that the Singapore Government would have to step in.
The current architecture plans are catered for five levels with a 10 million square feet per level. CAG chairman said that the mega airport terminal will be the third largest in the world and will be able to handle up to 50 million passengers a year. Terminal 5 is due for completion in 2026 and the project is expected to cost billions, even though CAG have about S$3 billion in the bank currently.
Prime Minister Lee Hsien Loong has previously spent S$1.7 billion of government funding on Project Jewel, a central hub for all the airport terminals. Project Jewel is due for completion by end 2018 and will handle up to 24 million passengers.
Do you think Singapore should be spending more billions of taxes building Terminal 5?