Russia’s Pulkovo Airport to undergo €450m expansion

By Leila Steed07 June 2021

Northern Capital Gateway (NCG), the operator of Pulkovo Airport St. Pertersberg in Russia, has signed an agreement with the St. Peterburg government that will see the airport undergo a second phase of development.

Designed to accommodate a rise in passenger numbers over the coming years, the investment project will further expand airport’s terminal facility and also aims to make it more accessible to the passengers and businesses in the surrounding regions.

Around 40 billion rubles (€452 million) is expected to be spent on the project and the deal also includes an option for NCG to extend its concenssion of the airport. The NCG was originally granted a 30-year concession for the management of the airport - the third largest in Russia - back in April of 2010.

The new agreement was signed by the President and Chairman of the Management Board of VTB Bank, Andrey Kostin...Sign in to continue reading.

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