Top Airport Projects In Asia For U.S. Exports Named In TDA Report

For Immediate Release

Washington, D.C. — Twenty-four airport projects in eight Asian nations have the potential for more than $7.2 billion in U.S. exports according to a report released today by the U.S. Trade and Development Agency (TDA). The projects, which have a total capital cost of nearly $29.6 billion, are located in Brunei, Indonesia, Korea, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

"This report confirms that Asia is the hottest market in the world for the growth of the American aviation industry," says TDA Director J. Joseph Grandmaison, who will be presenting the findings of the report at the "Asia - Pacific Aviation Symposium" cosponsored by TDA, FAA, and the Dept. of Commerce in Los Angeles, Calif., April 21-24, 1997. "These projects in Asia's emerging markets represent the tip of the iceberg in terms of long-term export opportunities because of the region's spectacular growth rates and demand for improving aviation infrastructure."

Indonesia has the most major projects on the TDA list with six. They range from nationwide improvement of air navigation and communications systems ($517 million project cost/$335 million export potential) to the development of Lombok Airport ($115 million/$70 million). Vietnam has multiple small-scale projects on the list that total $6 billion; U.S. export potential is $1 billion to $1.5 billion.

Topping the list as the largest project is Malaysia's New Kuala Lumpur International Airport at $8 billion with $500 million in U.S. export opportunities. Thailand's Second Bangkok International Airport is projected to cost $4 billion but has a higher potential for U.S. exports at $1.5 billion.

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