BERLIN (dpa-AFX) - Fraport AG (FRA.DE, 0O1R.L, FPRUF.PK), the owner and operator of Frankfurt Airport, presented the results of expert studies by two independent institutes on Frankfurt Airport's forecast passenger growth up to 2030. Both institutes anticipate that passenger volumes at the Frankfurt Airport or FRA global aviation hub would grow to between 68 million and 73 million passengers by the year 2021. Therefore, the airport's current terminal capacity of 64 million passengers per annum would be exceeded by 2021.
Fraport's Executive Board Chairman, Stefan Schulte, said: 'Both of the independent expert studies - which validate our existing internal capacity planning - clearly show that the construction of Terminal 3 is urgently needed. Only with Terminal 3 will we be able to continue offering our customers the quality and service that they rightly expect from a leading international airport like Frankfurt. Residents and businesses in our region should also be able to expect this.'
The analyses of the two renowned institutes, Intraplan and MKmetric, confirm the findings of internal assessments carried out by Fraport AG on FRA's future passenger growth. The MKmetric institute projects passenger traffic to rise to 68.2 million by 2021 and might reach 75.7 million by 2025. On the other hand, Intraplan's forecasts show that passenger figures would increase to 72.9 million, or 78.0 million, for the same years respectively.
Fraport also estimates construction costs for the new Terminal 3, including all ancillary infrastructure measures such as access roads and parking lots, to range between 2.5 billion euros and 3 billion euros.
Copyright RTT News/dpa-AFX