Incheon International Airport Corp. has begun a construction project to make Incheon International Airport an ultra-large hub airport. The goal is to accommodate more than 100 million passengers a year by completing the construction of a fourth runway and the expansion of Passenger Terminal 2 by 2024.
The Korean Ministry of Land, Infrastructure and Transport and Incheon International Airport Corp. held a groundbreaking ceremony for the Phase 4 Construction Project for Incheon International Airport at the construction site for Incheon Airport Terminal 2.
The project will cost a total of 4.84 trillion won. The goal is to expand the second passenger terminal, build the fourth runway, and expand the moorings and connected transportation network by 2024. The planned expansion of Passenger Terminal 2 will increase the airport’s annual international passenger capacity to 160 million. The airport currently ranks fourth in the world in terms of international passenger and plane accommodation capacity. In 2024, it will surpass Singapore to take third place after Dubai and Istanbul. For the first time in the world, it will have two passenger terminals that each can accommodate more than 50 million international passengers a year.
In addition, with the construction of the fourth runway, the number of flights per hour at the airport will increase from 90 to 107. Then the airport will be able to realize stable operations during busy hours of a day.