Airports of Thailand PCL, the country's largest airport operator, said today that its board had approved a 61.6 billion baht (US$1.9 billion) budget to expand Bangkok’s Suvarnabhumi international airport.

The airport operator plans to tap its cash holdings and earnings to finance the expansion, chairperson Prasong Poontaneat told reporters after a board meeting.

The budget for the expansion, which involves building a new runway, passenger terminal and other facilities, was cut from 85.5 billion baht after the project came under review by the

military government.

- Reuters