North West | Transport, logistics

$2.1bn Pulkovo upgrade concession inked

30 Oct '09
The St. Petersburg government, a consortium consisting of Russias VTB Bank, Germanys Fraport and Greeces Horizon Air Investments, and the Pulkovo airport management inked a trilateral agreement earlier today on reconstruction and maintenance of the airport on a private-public partnership (PPP) basis, RIA Novosti reports.

Under original plans, the agreement was supposed to be signed on November 2. The project cost is still $2.1bn as originally estimated, the report says.

Marchmont reported in mid-October plans to build a new terminal in Pulkovo. Construction is reportedly expected to start next year and be completed in 2013.

According to a most recent report, Fraport will be the Pulkovo operator.
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Locations: St. Petersburg

Tags: terminal (94) / Pulkovo airport (10) / agreement on reconstruction (0) /

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