The Civil Aeronautics Administration (CAA) is planning to spend TWD$60bn ($1.9bn) to build a third terminal at the Taoyuan International Airport in Taiwan.
The new terminal, with a total floor area of 421,000m², will be able to handle 43 million passengers each year.
The terminal will include a TWD$20bn ($648m) satellite concourse to allow passengers to complete their check-in before arriving at the terminal and TWD$7bn ($227m) worth of auxiliary facilities.
The Taoyuan Airport Company will carry out the construction project, scheduled to be completed in 2018.
The Taiwanese Government will fund 20% of the total construction costs, according to taipeitimes.com.
Passenger traffic at Taoyuan International Airport is expected to rise from 21.6 million to 45 million by 2020 and could rise to 58 million by 2030.