17-May-2013 3:24 PM

Fraport to delay opening of third passenger terminal at Frankfurt Airport: report

Germany's Fraport said it would start operating a third passenger terminal at Frankfurt International Airport around three year later than initially anticipated amid reduced traffic growth. According to a report in Die Bild,  construction of the new terminal will start in 2015, as the operator will only need it from around 2020, CEO Stefan Shulte said. Passenger growth will be unchanged in 2013 and remain “weak” in 2014, he added. Construction of the first phase of the terminal will cost about EUR1.2 billion, Fraport said, compared to previous estimated of around EUR1 billion, with an additional EUR500 million to be invested on infrastructure connecting the terminal to existing buildings and highways, parking facilities and apron areas. Fraport earlier had said inauguration of the new terminal was planned for 2016 or 2017, while construction would start after all individual construction stages had been tendered by the middle of 2013.

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