Munich Airport has announced plans for a new pier and central building complex at Terminal 1.

According to initial estimates, the project will cost a total of €400m (£343m), which Munich Airport will finance with its own resources.

The expansion will add capacity for a further six million passengers per year. "The planned expansion is comparable to the construction of an entirely new airport,” said Dr Markus Söder, the Bavarian finance minister and chairman of Munich Airport's supervisory board. “It will bring Terminal 1 right up to date. The added capacity will be equivalent to the annual traffic of a mid-sized German airport such as Hanover, for example. This will help Bavaria's gateway to the world remain competitive and keep pace with growth in passenger demand."

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