Airports of Thailand AOT.BK, the country’s main airport operator, said on Monday investments over the next five years should cost less than a projected 80 billion baht ($2.39 billion) due to a decline in construction costs.

President Serirat Prasutanond told reporters the company would conclude its investment plans in November, mostly covering an expansion of Bangkok’s Suvarnabhumi airport, including a domestic terminal and a third runway.

logo reuters media us“We will review our investment plans and want it lower. Construction costs have come down in line with weak demand and the poor economy. It should be a good opportunity for us,” Serirat said.

Majority state-owned AOT operates the country’s six main airports, Suvarnabhumi and Don Muang in Bangkok, Hat Yai, Chiang Mai, Chiang Rai and Phuket, which handle around 90 percent of air traffic in the country.

The company planned to spend 5.8 billion baht to expand capacity at Phuket airport to serve up to 12 million passengers a year versus 6 million now, Serirat said.

via UPDATE 1-Airports of Thailand sees lower investment over 5 yrs | Reuters.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thailand Signs MoU on EV Battery Development with 5 partners

A memorandum of understanding on battery research was signed by Testa and five partners at the first Asean Battery and Electric Vehicle Technology Conference in Bali, Indonesia

Industries to Watch Out for Growth in Southeast Asia in 2023

Southeast Asia, or the ASEAN (the Association of Southeast Asian Nations) region as more commonly referred to in Asia, is among the fastest-growing regions in the world. According to the Asian Development Bank (ADB)

Thailand To Host World Chinese Entrepreneurs Convention in June

Thailand will be hosting the 16th World Chinese Entrepreneurs Convention (WCEC) on 24-26 June at Queen Sirikit National Convention Center in Bangkok