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Fraport: Start of Frankfurt Airport's Expansion...
Fraport: Start of Frankfurt Airport's Expansion....
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[{"type":"text","content":"\n \n\n\n\nFRANKFURT, Germany, January 20 /PRNewswire/ --\n\n- Bender: \"Strong Signal to the Capital Market\"\n\n FRA/rap-th> Fraport AG considers today's commencement of work\non the capacity expansion of Frankfurt Airport (FRA) \"a great day for the\nentire German aviation industry and a signal to the capital market\nunderscoring FRA's future competitiveness.\" The company's executive board\nchairman Prof. Dr. Wilhelm Bender explained, \"the expansion keeps Fraport on\ncourse for staying competitive in the future.\" Fraport's CEO said, \"the new\nlanding runway and the planned Terminal 3 provide the foundation for economic\ngrowth and a noticeable increase in jobs at the airport and throughout the\nregion.\"\n\n\n\n Bender pointed out that FRA is not only one of the biggest\nconstruction sites but also one of the most significant investment locations\nin Europe. Fraport alone is investing more than EUR4 billion in the expansion\nof Frankfurt Airport.\n\n\n\n According to Bender, the expansion program is also an\nimportant contribution to weathering the economic and financial crisis, will\nhelp primarily the construction industry and will secure and create jobs. In\nthis crisis, the German federal government is rightly directing public funds\nmainly to infrastructure improvement projects. In Frankfurt, a large-scale\nprivately-funded project is being carried out that deserves the support of\nall political, economic and societal forces.\n\n\n\n Expansion of FRA, which has been operating at its capacity\nlimit for years, is urgently required to meet growing traffic demand and to\nremain the premier international air transportation hub, said Bender. The\nexpanded runway system will allow for up to 700,000 aircraft movements per\nyear compared to currently about 500,000. FRA's coordinated hourly runway\ncapacity will rise from currently well over 80 to 126 slots - representing a\n50-percent increase. \"This will enable us to offer first-class service as the\nworld's biggest international transfer hub to the 88 million passengers\nexpected in the year 2020,\" emphasized Bender. Moreover, this will make\navailable a high-capacity infrastructure for the more than three million\nmetric tons of cargo forecast to be handled at Frankfurt Airport in 2020.\n\n\n\n Bender sees no reason to fear that the current financial\ncrisis will jeo...