Fraport Consortium Launches Construction of New Terminal at St. Petersburg’s Pulkovo Airport

November 24, 2010

FRANKFURT, November 24, 2010 /PRNewswire-FirstCall/ — Fraport AG and its
partners in the Northern Capital Gateway consortium today held the festive
terminal foundation ceremony – attended by Russian prime minister Vladimir
Putin and St. Petersburg city governor Valentina Matvienko — to mark the
construction launch of a new international passenger terminal at St.
Petersburg Pulkovo Airport (LED) and the start of a new aviation era in
Russia’s second largest metropolis. Speaking at the ceremony, Fraport AG’s
executive board chairman Dr. Stefan Schulte said: “Today, our consortium has
reached another important milestone, only seven months after the successful
takeover of airport operations at Pulkovo Airport. During the next three
years we will witness the development and transformation of Pulkovo into a
highly attractive gateway in Northern Europe.”

Schulte was accompanied on his trip to St. Petersburg by Prof.

Klaus-Dieter Scheurle, parliamentary state secretary in the German Ministry
of Transport, and Uwe Becker, city treasurer for Frankfurt am Main -
underscoring the importance of Fraport’s Russian project for Germany and for
the global airport company’s home town.

Fraport has a 35.5 percent holding in the Northern Capital Gateway
consortium, which is advancing the development of Pulkovo Airport. The other
partners include VTB Bank (50 percent), Cypriot investor Koltseva Holdings
Ltd. (7.5) and Copelouzos Group of Greece (7 percent).

Running for 30 years, the airport concession focuses in the first
construction phase on building a new passenger terminal, which is scheduled
to be completed by the end of 2013. Phase one also includes expanding apron
areas, modernizing existing infrastructure and constructing a hotel and
business center on land bordering the airport. Until 2010, the planned
investment volume will reach EUR800 million.

Drawing upon its decades of expertise, Fraport AG is supporting Pulkovo
Airport with the planned construction activities as well as airport
operations. Responsible for core functions at LED, Fraport provides the chief
operations officer, chief financial officer, head of information technology,
as well as many other operational experts.

Serving about 6.7 million passengers in 2009, LED is Russia’s fourth
largest aviation gateway after the three Moscow airports. By October 2010,
LED already exceeded the seven million passenger level, nearly a 27 percent
jump in traffic compared to the same 10-month period last year. Traffic is
expected to hit 8.4 million passengers for the entire year of 2010. Pulkovo
(http://www.pulkovoairport.ru/eng) – which is situated less than 20
kilometers from downtown St. Petersburg – features two runways for
independent takeoffs and landings and two passenger terminals for domestic
and international traffic. Currently, LED is served by more than 70 airlines
flying to about 130 destinations in Russia, Europe and Asia.

Known as the “Venice of the North”, St. Petersburg is a beautiful and
historic city of five million inhabitants. Welcoming approximately 4.6
million visitors last year, St. Petersburg is well on its way to becoming one
of Europe’s most popular tourist destinations. St. Petersburg is an important
business, cultural and educational center in Russia. A growing and diverse
range of international companies have already located in the region. Useful
Web sites include: http://visit-petersburg.ru and http://eng.gov.spb.ru.

Print-quality photos of Frankfurt Airport and Fraport AG are available
free for downloading via the Internet at http://www.fraport.com (Menu: select
Press Center > then Photo Service). For TV news and information broadcasting
purposes only, we also offer free footage material for downloading via

    For Further Information, Please Contact:
    Fraport AG Frankfurt Airport Services Worldwide
    Robert A. Payne, B.A.A. - Senior Mgr. International Press & PR
    International Spokesman, Press Office (Dept. UKM-PS),
    Corporate Communications, 60547 Frankfurt am Main, Germany
    Tel.: +49-69-690-78547; Fax: +49-69-690-55071;
    E-mail: r.payne@fraport.de;
    Internet: http://www.fraport.com


Source: newswire

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