My Account Menu

CAPA Login

Register to trial CAPA Membership!

EUR250m more for construction allocated to Berlin Brandenburg Airport

11-Dec-2012 2:14 PM

Germany's Flughafen Berlin Brandenburg GmbH supervisory board approved (07-Dec-2012) an additional EUR250 million for the construction budget to complete Berlin Brandenburg Airport. Due to the reallocation of funds within the budget, the additional capital required by the airport operating company remains unchanged at EUR1.2 billion. At the meeting, the Supervisory Board also discussed the current status of the notification procedure for the additional capital requirement submission to the European Commission in Brussels. Prof Dr Rainer Schwarz, CEO of the airport operator stated: “The relevant documents have been handed in to the Commission, and we expect a decision to be reached in a few weeks.” Prof Schwarz also reported on the latest traffic figures from Schoenefeld and Tegel, which for Nov-2012 showed a 5% year-on-year increase. “This year, we expect to pass the milestone of 25 million passengers per year for the first time," he noted. The airport said around 300 people are employed on the Berlin Brandenburg building site, predominantly in the problem areas cable lines and fire safety systems. [more - original PR]