Third Investor in Budapest Airport Possible so that a Third Terminal Can Open Asap

  • 10 Jul 2024 11:25 AM
  • Hungary Matters
Third Investor in Budapest Airport Possible so that a Third Terminal Can Open Asap
The Hungarian state, as a financial and strategic investor, will be the one to decide on the development of Budapest’s Liszt Ferenc International Airport, the national economy minister said.

Passenger traffic at the airport could reach an annual 20 million by the end of the decade even according to conservative estimates if the developments are carried out, Márton Nagy told a press conference.

Nagy said French airport operator Vinci, the state’s investment partner in the airport’s acquisition, was an “ideal partner”, as it operates more than 70 airports in over a dozen countries, and as an owner it was interested in ensuring that the airport is run as efficiently as possible.

The minister said the government was exploring its options for financing the infrastructure developments needed for expanding the airport, adding that planning had to begin as soon as possible so that a third terminal could open in 2032.

The planning and implementation schedule will be ready in the autumn, he said. The financing, he added, would not be covered solely from the budget, with concession agreements also being an option, as the cost of railway and road developments could exceed 1 billion euros.

He also said there was a possibility of involving a Qatari investment fund as a third investor in the airport.

This will be decided by the current owners, he said, adding that the new investor’s stake could be less than 10%.

Nagy said the airport’s 3.1 billion euro purchase price was realistic and in line with market expectations.

In response to a question, the minister said the windfall profit tax on airlines will be phased out from January.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

Related links

Budapest Airport Sold for 3.1 Billion Euros to State & French Co-Investor

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports