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Airports

EIB loans aid hub developments

03 April 2017

The European Investment Bank (EIB) is lending German operator Fraport EUR400 million (USD 426 million) to help fund the construction of the new Terminal 3 (T3) at Frankfurt Airport.

T3 is scheduled to open at a construction cost of EUR3 billion, enabling Frankfurt to handle 14 million more passengers annually.

The loan will help finance the first construction phase. EIB vice-president for Germany Ambroise Fayolle said the bank welcomed how T3 would boost good international air connections at a key hub, with a "high-performance European air transport network as a guarantee for the mobility of people and access to markets".



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