SUBANG (March 20): The Subang Airport Regeneration Plan (SARP), which is scheduled to be completed in phases by 2030, is projected to generate gross output of RM216.6 billion and value added of RM93.7 billion over the next 25 years, according to Deloitte & Touche.

KLIA Aeropolis Sdn Bhd head Randhill Singh cited the projected figures from an independent economic impact assessment by Deloitte & Touche during a media briefing on Wednesday.

According to the assessment, SARP is seen generating RM8.7 billion year-on-year (y-o-y) in gross output, with RM93.7 billion y-o-y value added, as well as contributing about 1% of Selangor's gross domestic product (GDP).

SARP is also expected to create 8,000 direct jobs, with some 11% comprising high-skilled jobs, 48% mid-skilled jobs and 41% low-skilled jobs across 124 industries.

“This job creation caters to all (population in Subang area) - I think that's the beauty of the plans in this region (Subang),” Randhill said.

Lower-income communities in the Subang Airport vicinity such as Kg Melayu Subang, where monthly household income averages RM3,500, and Bandar Pinggiran Subang (RM6,000), are expected to surpass the Petaling District median income of RM8,993 once SARP begins to operate.

“When you create this value, what does it actually mean? It allows us to be competitive. It allows us to keep up against the regional competition," he said.

“Seletar (Singapore) is a good benchmark and we know that Thailand's U-Tapao (International Airport) is very much in the making. So, we need to keep ourselves relevant,” he said.

By end-March, Subang Airport will begin to handle two narrow-body jets such as a Boeing 737 or Airbus A320.

The airport’s passenger capacity is also expected to double by June to three million passengers from 1.5 million passengers currently.

Under phase one of SARP, the capacity will further increase to five million passengers in four to five years, and up to eight million passengers by 2030.

MAHB in April 2021 unveiled the SARP concept master plan with a proposed RM1.3 billion development to transforming the old airport into a city airport that can serve about five million passengers a year. 

https://www.theedgemarkets.com/node/705328