berlin mayor details funding for expansion to schoenefeld airport
13.12.04
The planned expansion of Berlin's Schoenefeld Airport to create Germany's third-largest airport, trailing Frankfurt and Munich, will cost 2 billion Euros ($2.64 billion), the city state's mayor said yesterday.
Berlin mayor Klaus Wowereit was presenting a financing plan for the airport based on a 430 million Euro ($568 million) contribution from the federal and regional governments, profits from the city's 3 existing airports and loans from public and private banks. Talks on the size and terms of the loans will start next year.
The German federal government will finance 300 million Euros ($396 million) of rail links to the new Berlin-Brandenburg International airport and a 200 million Euro (264 million) highway improvement.
The German capital is currently served by 3 airports including Schoenefeld, a legacy of the city's politically divided past, but none of these airports accommodates long-haul flights at the moment.
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