At the airport Pulkovo has begun construction of a new terminal

St. Petersburg, 24.11.2010g.
At the airport of St. Petersburg, a solemn ceremony of the first pile of the new terminal complex. The event was attended by Russian Prime Minister Vladimir Putin and Governor of St. Petersburg Valentina Matvienko.

Construction of the terminal is in the central part of the project of reconstruction and development of the airport "Pulkovo" until 2025. The capacity of the new terminal complex at the time of commissioning in 2013 will amount to 13 million passengers a year, with the possibility of increasing passenger traffic to 22 million people.

General Director of "Northern Capital Gateway" SV Emdin: "The development of the airport" Pulkovo "will create on the basis of the St. Petersburg airport is one of the largest aviation hub in the Baltic region. The reconstruction project includes compliance with the highest international standards of passenger service quality, safety and technical equipment of the airport, the introduction of modern registration procedures, customs and passport control. The sharp rise in passenger traffic last summer showed how out of date airport and how it needs to be modernized. "

Modernization and reconstruction of the airport "Pulkovo" — the first major infrastructure project to be implemented through public-private partnerships with international financial institutions, without the involvement of government subsidies and guarantees.

President — Chairman of the Board of JSC VTB Bank AL Kostin: "Pulkovo" project is the first example of public-private partnerships in the transport sector in the Russian market. The project is implemented without the need for government subsidies or guarantees. Total funding for the project for complex reconstruction of the airport for the period 2010-2013 will amount to around 1.2 billion euros. These measures will help to turn the airport of St. Petersburg in the European air transport node values. "

Under a tripartite concession agreement under a PPP project development of the airport between the Government of St. Petersburg, LLC "Northern Capital Gateway" and "Airport" Pulkovo ", April 29, 2010, LLC" VVSS "started the operational management of the airport in St. Petersburg.

The participants of the international consortium, LLC "Northern Capital Gateway" are VTB Bank (57.5% stake in the consortium), the company FraportAG (leading international airport operator, 35.5% stake in the consortium) and HorizonAirInvestments (a subsidiary of the Greek construction and investment conglomerate CopelouzosGroup, 7 % stake in the consortium).

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