The master plan for Seletar Aerospace Park was announced by JTC Corporation on 26 June 2007.
The Seletar Airport will be undergoing upgrading to support the park. The plans include the lengthening of the airport’s runway from its current length to 1,800 metres and the upgrading of its avionics systems to allow bigger aircraft to land and take off.
New roads, better infrastructure and more than 100 football fields of space will be available to the cluster of companies that design and manufacture aircraft components and small jets, as well as run training schools.
The park will be developed at a cost of more than S$60 million, and will be carried out in phases. When completed by 2018, it will create 10,000 jobs, predominantly skilled and technical positions. The park will also help double the output of Singapore’s fast-growing aerospace sector, from 2006’s record of S$6.3 billion.
As of 2016, according to a brochure published by JTC, there were already more than 60 MNCs and local companies in the region, with over 45,700 aircraft movements at the airport annually.
Some of the major entrants to the park includes Multi-National Corporations such as Rolls Royce, Pratt & Whitney, Jet Aviation, Singapore Technologies Aerospace, EADS Innovation Works and Airbus Helicopters South East Asia, all with plans to expand their current facilities at Seletar.
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