A new airport in Krasnodar will be constructed under the investment protection agreement

December 11, 2020 / Announcements and results of actions

The authorities of the Krasnodar Region plan to conclude an investment protection agreement with Basel Aero in 2021 for the construction of a new airport terminal at Krasnodar Airport. The investment amount will be 25.6 billion rubles.

The investment protection agreement stipulates that Basel Aero will reimburse up to half of the actual costs incurred for the construction of the infrastructure facilities to support the new terminal within 5 years.

Within 10 years, expenses for related infrastructure facilities that are needed by consumers and the population of the nearby areas will be reimbursed; the amount of the reimbursement can be up to 100%.

The preparatory work necessary for the start of construction is currently being carried out; the construction will begin in the spring of 2021.

The new terminal is planned to be opened in 2023; its area will be about 75 thousand square meters; the airport capacity will almost double and reach 2.6 thousand passengers per hour.