June 22, 2016 11:00
The government on Tuesday scrapped plans for a sprawling new gateway airport in southeastern Korea. Officials decided that it would be more cost-effective to expand Gimhae International Airport instead.
The new airport was to have been built either on Gadeok Island near the port city of Busan or in the inland town of Miryang, South Gyeongsang Province.
France's Aéroports de Paris Ingénierie had been conducting a feasibility study and concluded that the most cost-effective option would be expanding Gimhae airport.
A government official said Gimhae will get another runway and a new terminal. The makeover will begin in 2021 and be completed by 2026.
ADP Ingénierie said in its feasibility report that it reviewed 35 locations in southeastern Korea and Gimhae was the best option. It estimated the cost of expanding Gimhae at W4.17 trillion, while other locations would cost between W4.5 and W10.2 trillion (US$1=W1,154).
ADP Ingénierie predicted that an expanded Gimhae airport could handle 28 million international and 12 million domestic fliers a year.
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