10-Sep-2012 12:41 PM

Berlin Airports: EUR1.2bn in additional capital requirements for Berlin Brandenburg Airport

Germany's Berlin Airports supervisory board noted (07-Sep-2012) that, according to the management team’s financing plan, there is an additional capital requirement of EUR1.2 billion for Berlin Brandenburg International Airport. The supervisory board recommends that the proprietors’ general meeting should take decisions as to how this capital requirement can be met. The European Commission is to be notified of the financing concept in the coming days. The company provided the following breakdown of costs:

  • Additional construction cost so far: EUR276 million;
  • Additional construction cost due to delayed opening: EUR67 million;
  • Additional operational cost due to delayed opening: EUR230 million;
  • Risk provision for other cost and loss of revenue: EUR322 million;
  • Additional cost due to noise abatement measures: EUR305 million;
  • Total capital requirement: EUR1.2 billion million. [more - original PR]

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