Changi Airport has three passenger terminals with a total annual handling capacity of 66 million passengers. Terminal 1 opened in 1981, followed by Terminal 2 in 1990 and Terminal 3 in 2008. The Budget Terminal, opened on 26 March 2006 and closed on 25 September 2012, will make way for Terminal 4 which will be ready by 2017.[5] Changi Airport Terminal 5 is set to be ready in mid-2020s which will be able to handle 50 million passenger movements per annum.