m runway. Designed by the Airport Development Division of CPG Corporation of Singapore, a new terminal was constructed at a cost of US$13.3 million by Asia World. It can handle 900 arriving and 900 departing passengers simultaneously. The design meets IATA service standards and complies with ICAO safety and security standards at a cost of SG$30 million. Other notable features include: Separate floors for arriving and departing passengers to lessen congestion Automated baggage handling system with an integrated check-in system Four air bridges, capable of handling four Boeing 747s Special lounges for use by government officials and business people A two-story parking garage with spaces for 340 vehicles In June 2011, the government announced plans to expand the airport by 40% and increase its capacity from 2.7 million passengers to 3.8 million passengers annually. The airport was already over its annual capacity of 2.7 million passengers, having accepted 3.1 million in 2012 and 4 million in 2014. To fulfill this increased demand, new international and domestic terminals are being constructed and are expected to be finished end of 2016. After upgrading, Yangon International Airport will be able to service 6 million passengers annually. In 2013, a contract worth $150 million was awarded to a consortium led by an affiliate of Asia World to construct a new domestic terminal and expansion of airport apron. The new international terminal (T1) opened in March 2016, with the previously existing international terminal being designated as T2. The new domestic terminal (T3) opened on 5 December 2016. Terminals Terminal 1 In August 2014, the old domestic terminal was demolished and construction began for the new six-story Terminal 1 which will handle international flights. The opening ceremony was held on 12 March 2016. After the opening of Terminal 1, the airport can handle 6 million passengers annually, as opposed to 2.7 million before. Terminal 2 After the opening of Terminal 1, the former International Terminal was renamed "Terminal 2." The building was designed by the CPG Corporation of Singapore and constructed by the Asia World Company costing US$13.3million. The terminal can handle 900 arriving passengers and 900 departing passengers at the same time. Terminal 2 was closed in July 2018 to undergo extensive renovation. All international flights now operate from Terminal 1. Terminal 3 Terminal 3, which is used for domestic flights, opened on 5 December 2016, replacing the old domestic terminal which was demolished in