Monday, July 11, 2011

Volume 3 Issue 28: Intelligent Investing

Spain's KLIA

You'd think that this problem is one of its kind in the world. I am talking about the huge distance between Malaysia's main airport and the city. Then I found out about Tokyo's Narita Airport. It is located about 80 km away from Tokyo. The KLIA is located about 60 km from the city. And in Spain, its Ciudad Real Central airport is located in the middle of the desert, in a town boasting 72,000 people, about 140 miles (about 225 km) away from Madrid. It is one of Spain's largest and most modern airport. The best part about it is, it is almost empty.

Read here for more.

Guess what else does it have in common with KLIA? The Central, as it is also known, was supposed to cost US$620 million to build, but the costs ran up to more than US$1 billion in the end. Ring any bells?

And now, Spain is in deep shit over its debt and deficit problems. Is Malaysia going to go there? What will it take? Are mega-projects the way to go again? 

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