AOT Board Gives Green Light to Suvarnabhumi Airport Development Master Plan

AOT Board Gives Green Light to Suvarnabhumi Airport Development Master Plan 5 Year by year approval of education budget 170 1 million pounds, completed in 8 Duyan is confident that it will be ready to build immediately after the final result is reached. As for the construction budget, there is no problem. No need to borrow Liquidity reasons You have cash on hand after the aviation industry returns to continuous growth

July 29, 2024 – Mr. Kirati Kitmanawat, Chairman of Airports of Thailand Public Company Limited (AOT), revealed that at the AOT Board of Directors meeting on July 25, 2024, the AOT Board of Directors passed a resolution approving the master plan for the development of the expansion capacity of Suvarnabhumi Airport over a period of 5 years (2025-2030). The meeting approved a budget for the appointment of consultants for the study amounting to 170 million baht with a time period to study the details of the project readiness to be completed within 8 months before the design of the details to be completed within 12 months and ready for construction bids by the end of 2025 – beginning of 2026.

In the study of details, the necessity of implementing the project before or after it will be studied, whether it is the construction of an extension to the passenger building on the western side (western expansion), the construction of a passenger housing building on the southern side (southern expansion) and a passenger housing building on the northern side (northern expansion) including the construction of a warehouse building (cargo), which the consultant will study in detail for each project. Once a result is reached, the priorities of the projects to be built will be determined. Design details in construction The master planning for the development of Suvarnabhumi Airport aims to provide the basis for development in the specified direction.

Mr. Kirati also said that regarding the construction of the passenger accommodation building on the south side (south expansion), with an investment budget of more than 120,000 million baht, it is a project that the government aims for AOT to successfully implement. Therefore, AOT must speed up and push for successful implementation. At the same time, the expansion of the aviation industry at present has returned to growth at a rapid pace. After the Covid outbreak has stopped, AOT's readiness to move forward is very ready. Both in terms of the land that will support the construction on the south side of the airport. At the same time, the transportation infrastructure is located next to Bangna Trat Road. It can be easily connected to the project. The electrical system and facilities are complete.

As for the budget money that will be used for construction, although the construction budget is high, it can be confirmed that AOT does not need to use any loans. Due to the liquidity after the flight situation returns to normal. It also shows that there is a trend of continuous growth. It makes you more confident in your ability to generate income every year. It gradually comes to construction. Since the project, if built, will take about 5 years, we are confident that it will definitely not affect the liquidity and position of AOT.

Mr. Kirati further said that regarding the development and expansion of Don Mueang Airport capacity, the construction details are currently under design. The design is expected to be completed in November 2024. After that, in the first quarter of 2025, AOT will open a bid for the expansion of Don Mueang Airport capacity, Phase III, with a total budget of more than 36,000 million baht. Don Mueang Airport has the advantage of being not far away and able to quickly enter the city center. Fast access from the check-in point to the plane. It is a point-to-point trip and most of the passengers using the service are from Asia and Southeast Asian countries such as China, Japan, Korea, Malaysia and Singapore, while there are airlines at the airport. Low-cost airlines and full-flight airlines that come to provide service Therefore, passengers will have convenience. Fast access to service