UK
Ireland
Scotland
London
The European Investment Bank (EIB) has provided funds to expand the new Terminal 3 at Frankfurt Airport in Germany.
The overall investment cost of the new terminal, which is expected to be opened in 2023, is estimated at around €3billionn.
It will enable Frankfurt Airport to handle up to 14 million additional passengers a year.
The EIB is providing Fraport AG a loan of €400m. The funds will be used for the first construction phase of the new Terminal 3, forming part of the expansion of Frankfurt Airport.
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."
(CD)
