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Global airport construction review 1Q2016. Almost USD200 billion investment in 394 new airports

Discussion in 'Airport News, Talk & Discussion' started by vegli, Jan 20, 2016.

  1. vegli

    vegli Hangar Gold Member I

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    In Jan-2014 and Jan-2015, CAPA published airport construction reports based on the CAPA Airport Construction Database, which was added to the portfolio of airport data suite products in Feb-2013. The database lists current and anticipated projects and expenditure at existing airports, new airport projects that are under way or planned, and recently completed products. In total, CAPA is aware of 394 new airports under construction, or planned for.

    The 2014 report found airport construction projects to the value of USD385 billion globally, and the 2015 report found a value of USD543 billion globally - either new ones, or continuations of existing ones previously listed. As at 18-Jan-2016), and including new-build projects, that total comes to over USD900 billion, though it should be noted that speculative (and sometimes vague) proposed country-wide projects, such as those in Iraq and Iran for example (total USD60 billion), are included for the first time. Notable once again for the low level of investment, relative to market size, is the US.

    While the number of existing airport projects has increased since the beginning of 2015, new airport projects have increased dramatically, by over 25%. For that reason this year’s report gives an overview of the main projects and investments at existing airports, but focuses more than previously on the new-build airports.

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    Asia Pacific leads the project investment league. North America overtakes Europe
    Considering first the project investment at existing airports, Asia Pacific leads the table as usual. Compared with its position in Jan-2015, North America has gained one place, just overtaking Europe (by 0.5 percentage points, see pie chart).

    A number of projects in all areas came to a conclusion before Jan-2015, one of the notable examples being Brazil, where there was a large amount of expenditure at many airports before, and immediately after, the 2014 Soccer World Cup.

    throughout 2016 construction activities across the continent picked up again
    On their completion, this expenditure registered in the overall total for Latin America falling, but throughout 2016 construction activities across the continent picked up again, and the investment level there has doubled in a year.

    Total airport construction investment (existing airport) by region known to CAPA as of Jan-2016 in USD

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    Source: CAPA - Centre for Aviation, Airport Construction Database

    The ratio of investment amounts by region is shown in the pie chart below.

    Total airport construction investment by regional percentage Jan-2016

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    Source: CAPA - Centre for Aviation, Airport Construction Database

    The percentage of projects per region can be at variance with the investment amount per region
    The percentage of projects per region can be at variance with the investment amount per region for a variety of reasons, the most common one being that some regions typically have larger projects; Asia Pacific has been a case in point. In Jan-2016 Asia Pacific has 38.5% of the investment, but only 25.3% of the projects.

    The gap in the case of Europe is quite acute in the opposite way: it has 31.6% of the projects but only 14.8% of the investment, suggesting that construction projects there continue to be much smaller on average than in Asia Pacific.

    Total airport construction projects by regional percentage Jan-2016

    [​IMG]

    Source: CAPA - Centre for Aviation, Airport Construction Database

    Dubai World Central, at USD32.3 billion and Istanbul Grand, USD36.3 billion, lead the way
    The following part of the report indicates which construction projects are currently the largest ones in terms of cost, by region. In all tables USD ($) values were mainly exchange rated at the time of the individual project entry. However some are more recent, and reflect the USD exchange rate value at the time.

    The minimum investment level in each region to justify inclusion in the table varies between regions, and may be found in the sub-heading for each. For example in Asia Pacific it is =/> (equal to or greater than) USD2 billion.

    More....
    http://centreforaviation.com/analys...billion-investment-in-394-new-airports-260864
     

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