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Sat September 25 2021

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Finland secures funds for Helsinki Airport expansion

5 Feb 16 Finnish airport operator Finavia has secured a €230m (£175m) loan for an expansion that will enable Helsinki Airport to serve 20 million passengers by 2020.

The European Investment Bank loan to Finavia co-finances the development of Finland’s main hub to alleviate peak congestion, cater for future growth in traffic and improve passenger service standards. The future Helsinki Airport will have more space, better services and more digital innovations, said EIB.

The work will include the expansion of the terminal with two additional piers, enlargement of the baggage handling systems (BHS) by 50%, the development of various associated landside and airside infrastructure, and an increase in apron capacity and bridges for wide-body aircraft.

Kari Savolainen, CEO of Finavia, said: “Helsinki Airport’s geographical location is an undisputed asset. Flying via Helsinki means choosing the shortest and fastest route between Europe and Asia. It is predicted that air traffic between Asia and Europe will increase strongly in the coming years. In order to keep up with international competition, we will be developing and improving the operations and services of Helsinki Airport even further.”

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