VEB.RF will finance renovation of Yakutsk Airport’s International Terminal

At the Eastern Economic Forum (Vladivostok), VEB.RF, Government of the Republic of Sakha (Yakutia), Far East Development Fund (FEDF), and Yakutsk Airport have signed the Memorandum of Cooperation to deliver the investment project of the Yakutsk Airport’s international terminal remodelling. The project is estimated at RUB 1.4 bln.

On behalf of VEB.RF, the document was signed by First Deputy Chairman and Member of the Management Board Nikolay Tsekhomsky; on behalf of the Government of the Republic of Sakha (Yakutia) – by Prime Minister Vladimir Solodov; on behalf of FEDF – by Director General Alexei Chekunkov; and on behalf of Yakutsk Airport – by Managing Director Sergey Ignatenko.

Financial backing of infrastructural projects, including the construction and renovation of airport terminals, is one of the key goals of VEB.RF. Following the project completion the airport will rise to a new level, with geography of international flights expanding and new airlines attracted", says Mr. Tsekhomsky.

When the renovation is complete, the passenger flow will increase from 30,000 to 100,000 travellers and guests. The final phase of renovation is slated for 2021.

“The existing terminal was built almost twenty-five years ago and is no longer able to meet present-day requirements. In the meantime, the airport is strategically important from the standpoint of air connection with the regions of the Russian Far East, Siberia, and the Asia-Pacific Region. It is no coincidence that Asian investors have already shown their interest in the project. Besides, the renovation of the international airport will facilitate the growth of the regional travel-related business", says Director General FEDF Alexei Chekunkov.

VEB.RF emphasises the development of infrastructure in Russian regions, especially in the Far East. A new passenger terminal catering to domestic airlines is about to open at Khabarovsk Airport. The project enjoyed the financing from VEB.RF and the Far East Development Fund. The development institutions have invested RUB 3.9 bln in this project. The State Development Corporation has backed construction of an airport in Vladivostok and will support the airport infrastructure revamping and building projects in Blagoveshchensk and Urengoy.

The Yakutsk Airport is the largest international airport in the Arctic. It is an ideal site to test brand new aviation technologies at low temperatures and as an alternate airfield for technical landing (refuelling, maintenance) on cross-Arctic, trans-Arctic, and trans-Siberian international air routes. The airport serves regular direct flights to Moscow, St. Petersburg, Novosibirsk, Vladivostok, Blagoveshchensk, Krasnoyarsk, Irkutsk, Novosibirsk, Yekaterinburg, Khabarovsk, and Ulan-Ude. Flights to Harbin and Beidaihe (PRC), Seoul (Republic of Korea), Cam Ranh (Viet Nam), and Krabi (Thailand) are also available.