SINGAPORE - We thank the writers of letters on Project Jewel.
The global airports landscape and travellers' expectations have evolved. Air hubs are enhancing their destination appeal to grow their share of air travel and tourism.
In such a competitive environment, Changi Airport Group (CAG) needs to stay ahead and innovate to strengthen Changi Airport's appeal. This is the spirit that drives the development of Project Jewel.
The present Terminal 1 (T1) carpark site, being on the landside of the airport, cannot be developed for post-immigration or aircraft handling facilities.
Our redevelopment plan for the site, which includes Project Jewel and the expansion of T1, will allow CAG to optimise the plot to its maximum potential.
Besides increasing T1's passenger handling capacity, we have the opportunity to create a signature destination that will significantly enhance Changi Airport's offerings.
Project Jewel is a game-changer for Changi Airport, designed to capture tourism mindshare at a global level. With eye-catching architecture, exciting attractions and quality retail and dining offerings, it will attract tourists and transit passengers to choose Singapore as their preferred air hub and stopover destination.
Project Jewel is also for the enjoyment of local residents.
Singaporeans' participation and emotional engagement with Changi Airport has been a source of strength for our success in the past three decades. Project Jewel represents a continuous investment in this area. CAG considers seriously the needs of airport users.
Project Jewel's airport facilities will strengthen Changi's service offerings. These include early check-in services for fly-cruise and fly-coach passengers, a new hotel and training facilities for airport staff.
There will also be a larger T1 arrival hall, more taxi and coach stands and three times the current number of parking spaces. The airport's road network will be upgraded.
The Project Jewel concept was the outcome of a competitive process, in which well-known local and international property firms were invited to participate.
Based on the overall quality of its submission, CapitaMalls Asiawas selected as CAG's partner by an independent special committee.
Project Jewel's development cost is fully funded by the private joint-venture company set up by CAG and CapitaMalls Asia.
While we aim for a signature project, we have calibrated the concept and development so that the project remains value-accretive and financially sustainable in the long run.
CAG and CapitaMalls Asia are committed to delivering an excellent, world-class product that will strengthen Changi Airport as an air hub and one that Singaporeans will enjoy and be proud of.
Hung Jean (Ms)
Senior Vice-President, Landside Changi Airport Group
Deputy Chief Executive Officer
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