The FEDF and the company "Khabarovsk Airport" agreed on a joint project to build a new passenger terminal

The Far East Development Fund and Khabarovsk Airport company agreed on a construction of a new passenger terminal and airport infrastructure of the city of Khabarovsk (Airport Novy). The corresponding agreement has been signed by Chief Executive Officer of the Far East Development Fund Alexei Chekunkov and Chairman of the Board of Directors of Khabarovsk Airport Konstantin Basyuk.

Khabarovsk Airport is the largest airport in the Far Eastern Federal District, and now operates at its capacity limit.  The targeted investment and development program will increase the capacity of the a terminal more than in 2 times - from 2 million up to 4.7 million passengers per year. The project, initiated by leading international companies (Incheon International Airport Corporation, Daewoo Engineering, Assmann Beraten + Plannen), aimed at increasing transport accessibility of the region both for Russian citizens and foreign guests. The Fund and Khabarovsk Airport are focused to work jointly and exclusively to attract international to implement the financial closing of the transaction after the comprehensive audit of the project nd obtaining required government approval.

According to CEO of the Fund Alexei Chekunkov the administrative capital of the Far East vitally requires a world-standard modern airport. The Project is currently at high readiness level and must be implemented nonetheless the challenging economic conditions.  The Fund intends to enter into the Project under the terms of guaranteed repayment. The Fund’s required rate of return is below the current market level. The Fund, as the state development institute, prioritizes  increase of investments for key infrastructure projects to improve the investment and business  development at  the Far East.

Chairman of the Board of Directors of Khabarovsk Airport Konstantin Basyuk informed that the Project participants are currently negotiating with airport management,  foreign investors and international operators from the Asia-Pacific countries.