The Star Newspaper reported recently that Malaysia Airports Holdings Bhd (MAHB) has initiated a request for proposals (RFP) from local and global consultancies in a bid to rejuvenate the Subang Airport. The consultancy firms that are selected will be appointed as the master planner for the concept and design of the project covering a 1,063 -acre site. As of mid-December 2018, about 15 local and multinational consultancies firm had obtained RFP documents and proposals were expected to be submitted by the end of December.
Subang International Airport served as Kuala Lumpur’s main airport from 1965 to 1998, before the Kuala Lumpur International Airport was opened. The airport currently mostly serves smaller turboprop planes on domestic flights.
The regeneration of Subang Airport is estimated to cost in the range of USD 360 to 600 million and the completion of the project could take up to 10 years, depending on the approved concept and design. There will be three parts of the project, including remodeling a part of Subang Airport as a business aviation hub, establishing a city airport by expanding and enhancing existing terminal and air site facilities, as well as setting up a complete aerospace ecosystem to bolster the maintenance, repair and overhaul (MRO) sector and aircraft Manufacturing.
Around 60-acres (0.24 sq km) from the 1,063-acre (4.3 sq km) land, will be convert into green field site close to Subang Skypark, which MAHB is transforming into an aerospace park valued at around USD 98 million.
The Subang Airport’s new terminal will increase capacity from the current three million passengers to five million, once it is competed. It is also expected to generate 5,000 employment opportunities and attract more than USD 250 million in investments by 2025.
(Source: The Star Online; Property Guru)