Fraport to start construction of T3 in late 2015

Posted on in News Archive

GERMANY – Fraport AG, the owner and operator of Frankfurt Airport (FRA), has announced its final decision to commence construction of the new Terminal 3 in 2015.

The decision comes after a comprehensive and detailed analysis of an audit study commissioned by the Hesse state government to assess the airport’s future capacity requirements.
FRA’s Terminal 3 will be built in the southern part of the airport.

FraportT3 2

Fraport’s decision is based on expert studies by two independent research institutes on Frankfurt Airport’s forecast passenger growth. Commissioned in September 2014, these studies forecast that passenger volumes at the FRA global aviation hub will rise to between 68 million and 73 million passengers by the year 2021. Thus, the airport’s current terminal capacity of 64 million passengers per year will be exceeded by 2021.

“Frankfurt Airport is Germany’s largest place of employment and serves as the ‘Gateway to the World’ for the state of Hesse and Germany as a whole. The new Terminal 3 will emphasize this role and thus further strengthen our region. To accommodate the forecast traffic growth, it is now necessary to commence construction for the third terminal during the current year,” Fraport AG’s executive Board Chairman, Dr. Stefan Schulte said.

FraportT3 3 web

Fraport’s CFO, Dr. Matthias Zieschang, added: “With an investment volume of between €2.5 billion and €3 billion, Terminal 3 will be one of Germany’s largest infrastructure projects. Refraining from using a single general contractor for the entire terminal construction, Fraport will instead award targeted multiple contracts to various companies performing specific tasks related to the project. This method already proved successful with the new Pier A-Plus at Terminal 1 that was inaugurated in 2012 on schedule and on budget. In addition, this method allows regional companies to offer their expertise and thus to benefit from the construction of the new terminal.”

Fraport will soon issue an EU-wide notice and invitation to tender for the first phase of the excavation works on the site of the future Terminal 3. Due to the time frame required for the EU tender process, the excavation works are scheduled to start towards the end of the year.

Construction time for the terminal is scheduled to take place over a period of some seven years. Thus, the new Terminal 3 is expected to become operational in 2022.