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tate airport operator PT Angkasa Pura (AP) II has major expansion plans for the next five years, including an upgrade for Indonesia’s main gateway, Soekarno-Hatta International Airport in Tangerang, Banten.

AP II revealed that the investment would amount to a staggering Rp 94.9 trillion (US$6.6 billion) until 2023 to anticipate soaring aviation business across the archipelago. The majority of the investment will go to Soekarno-Hatta with the remainder for airports in Sumatra.

The investment in Soekarno-Hatta will mostly be in the construction of a fourth terminal and third runaway, the revitalization of Terminals 1 and 2, infrastructure to increase flight traffic and expansion of the taxiway.

The construction of the fourth terminal is expected to be completed by 2022 while the revitalization of Terminals 1 and 2 is slated to be finished in 2020. The company will start construction of the third runway by the third quarter of 2018, and it is expected to be completed in 18 months.

“We will plan for the expansion in 2018 and then we’ll report it to the Transportation Ministry for approval,” AP II president director Muhammad Awaluddin said recently. “Soekarno-Hatta will get the biggest investment.”

For the runway, the company is still procuring the required 216 hectares of land. “So if by the end of the third quarter of 2018 we already have procured 50 to 60 percent of the land, we will start construction,” Awaluddin added.

The expansion is expected to cater to booming passenger traffic over the next five years, allowing Soekarno-Hatta to handle 114 aircraft movements per hour, up from just around 80 aircraft movements per hour today.

Awaluddin added that the development was urgent in order to eliminate passenger backlogs caused by the airport’s limited capacity.

The airport this year is expected to handle 60 million passengers, and 100 million by 2021. Meanwhile, the airport’s capacity will be only 43 million passengers until next year.

AP II has projected that the revitalization of the existing terminals, the construction of the fourth terminal and the new runaway can expand the airport’s capacity to 100 million passengers in 2022.

Indonesia has seen double-digit growth in airline passenger numbers in the past decade, as more people have been able to afford to fly amid a boom in budget airlines. From January to September, the number of domestic air passengers grew by 11.36 percent to 66 million compared to the same period last year, according to the Central Statistics Agency (BPS). International passengers also increased by 14.47 percent to 12.5 million.

Tourism development is cited as one of the main drivers of the growth, with the government aiming to welcome 20 million foreign visitors by 2019.

Aside from Soekarno-Hatta, AP II is also committed to expanding its other major airport; Kualanamu International Airport in North Sumatra, which will serve as an alternative to Soekarno-Hatta.

AP II will spend Rp 12 trillion next year on airport expansion.

“We will use a combination of internal cash reserves and bank loans to finance the expansion,” said AP II finance director Andra Y. Agussalam.

State-Owned Enterprises Minister Rini Soemarno said air connectivity needed to be improved. “Cargo can be transported by sea, but the majority of our people with sufficient income need to travel by air. We need to think about how to immediately develop our airports,” she said.