Sheremetyevo International Airport board approves development plan

Sheremetyevo International Airport JSC´s board of directors has announced it has approved multiple phases of the Master Development Plan for the Moscow airport, the board said.

The board approved the construction and renovation of Terminal C (Phase 1) along with updated parking lot reconstruction plans. The Board of Directors also gave a greenlight to develop a rail station in the Northern Terminal Complex.

The Board approved the Master Development Plan for Sheremetyevo International Airport until 2024.

In 2019, the airport will construct a third runway, increasing the capacity of the airport from 55 to 90 takeoff and landing operations an hour. Phase 1 of Terminal C construction will also finish in 2019, offering an annual capacity of 20 million passengers and multilevel parking for 2,500 vehicles.

In 2020, the airport will add a hangar complex with an aircraft maintenance area to the third runway. The complex will feature at least seven hangars for our partner airlines, and process pads for specialized ground handling and airfield service vehicles.

In 2021, Phase 2 of construction will begin on Terminal C, increasing its capacity by 10 million passengers per year, along with an additional 1,500 parking spots in the multi-level complex. The airport will also develop a railway and rail station in the Northern Terminal Complex, which will provide passengers with a direct connection from Central Moscow to Terminals B and C of SIA. JSC Russian Railways will lead the rail project for Sheremetyevo.

In 2022, SIA will develop an apron for the third runway that will host more than 40 parking lots for aircraft. Developers will also construct a Sheremetyevo “Moscow Cargo” terminal with a capacity to handle 380 thousand tons of cargo annually.

The JSC SIA Board of Directors approved all financial statements for the first 9 months of 2018, prepared in accordance with Russian Accounting Standards (RAS).

Source: Financial News UK

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