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Wed September 18 2019

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Frankfurt Airport gets funds to start €3bn expansion

13 Mar 17 The operator of Frankfurt Airport in Germany has secured a €400m (£350m) loan, enabling work to start on its €3bn expansion programme.

EIB's Ambroise Fayolle with Fraport's Dr Matthias Zieschang
EIB's Ambroise Fayolle with Fraport's Dr Matthias Zieschang

The European Investment Bank (EIB) is providing Fraport with a loan for EUR 400m. The overall investment cost of the new Terminal 3, which is expected to be opened in 2023, is estimated at around €3bn. It will enable the airport to handle up to 14 million additional passengers a year.

The funds will be used for the first construction phase of the new Terminal 3, forming part of the expansion of Frankfurt Airport. Frankfurt Airport is Germany’s largest air transport hub.

EIB vice-president responsible for operations in Germany, Ambroise Fayolle, said: “Air transport is an international business. Good flight connections are an important location factor, especially in an economy like Germany’s which is strongly geared towards exports. I therefore particularly welcome the continuation of our successful cooperation with Fraport and the conclusion of this finance contract.  As the EU bank, we see a high-performance European air transport network as a guarantee for the mobility of people and access to markets in an increasingly interconnected global economy.”

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