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Frankfurt Airport gets funds to start €3bn expansion
The operator of Frankfurt Airport in Germany has secured a €400m (£350m) loan, enabling work to start on its €3bn expansion programme.
The European Investment Bank (EIB) is providing Fraport with a loan for EUR 400m. The overall investment cost of the new Terminal 3, which is expected to be opened in 2023, is estimated at around €3bn. It will enable the airport to handle up to 14 million additional passengers a year.
The funds will be used for the first construction phase of the new Terminal 3, forming part of the expansion of Frankfurt Airport. Frankfurt Airport is Germany’s largest air transport hub.
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