Kansai Airports, operated by Orix and Vinci Airports, is set to unveil a plan this week to expand the capacity of the main passenger terminal, a spokesperson told Inframation today.
The company aims to boost international passenger capacity at Kansai International Airport’s Terminal 1 by 70% to 40 million by the 2025 and will spend roughly JPY 100 bn (USD 920m) including costs on disaster prevention, according to a media report.
Construction work for renovation at the airport – Japan’s third-busiest – is scheduled to start in 2020 and be completed before Osaka hosts the Osaka-Kansai Japan Expo 2025, the report said.
The spokesperson declined to comment on the report, saying only that the plan will be revealed on 12 December.
Kansai International Airport, which opened in 1994, is looking to boost capacity as it continues to register record numbers of international passengers buoyed by strong outbound tourist demand.
During the latest business year through March 2019, the number of non-Japanese passengers using KIX hit an all-time high of 15.5 million, up 3% from the previous 12 months. Revenue and profit both increased.
This despite the airport – which is built on an artificial island – being damaged by a powerful typhoon in September 2018.
Kansai Airports, which operates three airports in the Kansai region – KIX, Osaka International Airport and Kobe Airport – reported a 7% rise in revenue to JPY 220.4bn and a 5% gain in net profit to JPY 29.6bn for the year ended March 2019.