Malaysia Airports Holdings (MAHB), the operator of Kuala Lumpur International Airport (KLIA), will raise RM2.5bn ($733m) by June 2010 to fund a new low-cost carrier terminal and expand its operations overseas.
The construction of the low-cost carrier terminal (LCCT) is expected to be complete by 2011, at a cost of RM2bn ($580m).
The new terminal will have capacity for up to 45 million passengers per annum and is expected to accommodate up to 30 million passengers each year.
The new LCCT will be linked with KLIA's main terminal building as the two terminals will be located just 1.5km from one another.
Spread over 150,000m², the new terminal will also feature 70 aircraft parking aprons, a 6,000-bay multistorey car park, and an integrated transport hub for buses and taxis.