Germany’s second biggest airport is set to be modernized and expanded at an estimated cost of €455 million, which the airport plans to cough up out of its own pocket.
A new gate for up to twelve aircraft is to be built even before the airport’s long-planned third runway, Albert Füracker, Bavarian finance minister and chairman of Munich Airport’s supervisory board, said on Thursday.
In addition, passenger screening, restaurants and lounges in Terminal 1, which opened in 1992, will be renovated.
Initial construction work on the 95,000-square-metre expansion is scheduled to begin before the end of the year.
The new gate will be opened “by 2023 at the earliest,” a press release issued by the airport operator FMG stated on Thursday.
In order to accommodate for the expected increase in passenger numbers, the new gate will be for international flights outside the Schengen area of Europe.