According to the latest announcement by the Transport Ministry, all travelers entering and leaving the existing Changi Airport terminals will have to pay a new tax to fund the “tens of billions” for the planned Terminal 5 airport:
“Fees and charges for travellers flying out of Changi Airport and airlines operating there could increase from as early as next year. This is to help pay for the future Terminal 5 (T5), which is slated for completion around 2030.”
The tax increase will implement next year and is estimated to cost S$6 per traveler, including transit passengers. The latest tax increase is part of dictator Prime Minister Lee Hsien Loong’s plan to increase infrastructural needs for a 6.9 million population by 2030.
According to state propaganda media, the new Terminal 5 is PM Lee Hsien Loong’s “most ambitious project” surpassing his father:
“The Changi East project – as the development is referred to – is the most ambitious attempt to cement Singapore’s status as a key aviation hub since Changi Airport opened in 1981.”
Currently, the total tax for travelers (including Singaporeans) flying in and out of Changi Airport is S$34 – one of the most expensive in the world. The last increase was S$6 from S$28 in April 2013. An estimated increase of S$6 will generate a further S$348 million in funding from the current 58.7 million passengers capacity a year.
Having no money to pay for the new Terminal 5 after building Terminal 4, Changi Airport Group (CAG), owned by Temasek Holdings headed by the PM’s wife Ho Ching, told state media reporters that “everyone has to chip in”:
“We’re confident of the need for T5, but it’s so big, everyone has to chip in. We’re also putting our money where our mouth is, which is why a huge part of our profits and future profits will be ploughed back into the Changi East development.”
However, CAG reported a S$660 million profit earlier in March 2017. Government taxes has again been corrupted to fund the private company to shore up Temasek Holdings’ balance sheet.