Germany’s unlisted Berlin Brandenburg International Airport (BBI) is expected to have total capital investment of EUR2.5 billion, with the German Government to invest a further EUR600 million for the construction of a train terminal and a further EUR70 million for the construction of roads to the airport.
The 1,470ha airport is scheduled to open on 03-Jul-2012 and is expected to have initial capacity of 27 million passengers p/a, to increase to 45 million p/a. Berlin airports handled nearly 21 million passengers in 2009. BBI will become Germany’s second largest airport as a result, after Frankfurt Airport. Berlin Airports stated it does not plan to “steal” any transfer services from Frankfurt, instead expecting to serve new routes.
Ireland’s Shannon Airport Authority (SAA) reportedly called for independence from the Dublin Airport Authority (DAA), after airport stated the decision to increase passenger charged by EUR1.58 didn't come before its Board of Directors.
Other European airport operators that gained ground yesterday included Dufry (+1.4%) and Hochtief (+0.6%). Meanwhile, TAV (-0.7%) and Copenhagen (-0.4%) shares fell.
Selected airports daily share price movements (% change): 06-Sep-2010
