Hungary seeks friendly co-investor for Budapest Airport: part one – sharing the burden centreforaviation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from centreforaviation.com Daily Mail and Mail on Sunday newspapers.
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.
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A new $70-million housing development on lands currently owned by the Sault Ste. Marie Airport Development Corp., will be proposed to city council Monday.
And SalDan Developments Ltd., is asking city council to support its request to the Minister of Municipal Affairs and Housing to enact a minister’s zoning order for the rezoning of the lands to be developed as a mixed-used residential subdivision with affordable housing.
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Try refreshing your browser. Council asked to support a Minister s Zoning Order for new subdivision Back to video
A minister’s zoning order to approve the proposed development and land use will mean no public notice or hearing is required and there is no opportunity for public comment or for appeal.