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Investments total USD735 million at Budapest Airport
As for AviAlliance and the consortium’s previous and future investments at Budapest, according to the CAPA Airport Construction Database around USD735 million in infrastructure investment was committed at the airport through to 2023. The planned investments include the construction of a new terminal building next to the existing terminal 2 and a new cargo city.
In Jun-2020 the airport completed the construction of pier 1 in terminal 2A, increasing the zone s surface area to 11,500sqm.
A long history of transactions
The airport having previously been state-owned, 75% of it was sold in 2005 to what was then the UK’s BAA plc for EUR2.6 billion (and at a very high earnings multiple of 29.3), when it was handling 7.8 million passengers per annum.