Incheon International Airport in South Korea will get a 4tn-won ($3.13bn) grant from the government to expand its facilities to meet increasing passenger and cargo traffic.

The expansion will include the addition of second passenger terminal and the expansion of the airport’s existing cargo terminal and other infrastructure.

Once the expansion is completed, the airport will be capable of managing 62 million passengers and 5.8 million tons of cargo a year, compared to current capacity of 44 million passengers and 4.5 million tons of cargo.

Construction will start in 2011 and is expected to be complete by 2015.