Changi Airport Launches USD 3.5 Billion Terminal 5 Expansion with Major Construction Contracts

June 2025

Changi Airport Group has awarded two major construction contracts worth about SGD 4.75 billion (approximately USD 3.5 billion) for the development of Terminal 5 (T5), marking Singapore’s largest airport expansion to date. The first contract, valued at SGD 3.8 billion (about USD 3 billion), was awarded to a joint venture between China Communications Construction Company (CCCC) and Obayashi Singapore to build the substructure, including the foundation, basements of the main terminal, ground transport centre, and tunnels linking T5 with Terminal 2. This substructure will cover around 140 hectares with a basement depth of up to 28 meters—equivalent to about 5,200 Olympic-size swimming pools.

The second contract, worth SGD 950 million (around USD 700 million), was awarded to Hwa Seng Builder for airside infrastructure works, which involve constructing remote aircraft stands, connecting taxilanes, and ancillary support buildings such as substations and an airfield lighting control centre. Construction on T5 is scheduled to begin in the first half of 2025 and is expected to be completed in the mid-2030s.

Terminal 5 is part of the broader Changi East development, which also includes a third runway, new cargo complexes, and supporting aviation and ground transport infrastructure. Once operational, T5 will add capacity for about 50 million passengers annually, increasing Changi Airport’s total capacity to 140 million passengers per year.

Designed with sustainability in mind, T5 will feature energy-efficient systems, extensive automation, and one of Singapore’s largest rooftop solar installations. This expansion aims to position Changi Airport to meet the anticipated long-term growth in Asia-Pacific air travel, enhance global connectivity, and maintain Singapore’s status as a leading international aviation hub.

(Source: The Straits Times)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 15,000 distributors, resellers, and system integrators, built through advising and guiding more than 4,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 28 years.