State-owned airport operator Angkasa Pura II has secured IDR 1.5 trillion ($128.3 million) in loans from Bank Internasional Indonesia to finance the revamp of the Soekarno-Hatta International Airport; that will triple the airport’s passenger capacity. The loan facility carries a maturity period of 10 years. It is the airport operator’s first bank loan for the expansion project. Angkasa Pura II plans to renovate Soekarno-Hatta’s three terminals to boost the international airport’s passenger handling capacity from the current 22 million to about 60 million in the future. This ambitious long-awaited endeavour includes the construction of Terminal 3 Ultimate, which is scheduled for completion next year and will serve as a port for the most technologically advanced commercial planes operating in the archipelago. The airport operator, which controls 13 airports in the western part of Indonesia, also plans to build an integrated building connecting Terminal 1 and Terminal 2. The all-in-one structure will house a shopping centre, hotel, parking area, train station, as well as an automated people mover, a mass transit system currently utilised by only seven airports across Asia.
