Important step in new Berlin Brandenburg Airport financing: Shareholders approve capital injections of 1.1 billion euros

Another important step has been taken in the financing of Berlin Brandenburg Airport: today the meeting of shareholders of Flughafen Berlin Brandenburg GmbH FBB decided that the shareholders will provide liquidity support for FBB in the form of needs-based capital injections from the budgets of the participating parties totalling up to 1.107 billion euros. Simultaneously the economic plan for the current year 2015 was confirmed. This allows construction work at BER to be continued as planned. Each of the shareholders has stated that it will create the corresponding budgetary conditions for implementing the capital injections.

Following the meeting of shareholders, airport CEO Karsten Mühlenfeld expressed his satisfaction with the result: “Today’s meeting has shown that the shareholders are giving their full backing to BER. The pure construction costs for BER with an initial capacity of 27 million passengers are around 5.4 billion euros. Today the shareholders checkmarked this issue, meaning that our technical director Mr Marks can place the next round of orders for the construction site.”

The costs of around 1.1 billion euros, proposed at the meeting of the Supervisory Board on 13 March 2015 and approved today, relate mostly to the realization of the fire protection system, the alteration of the smoke extraction system, the completion of the terminal, further construction and planning services, the refurbishment of the north runway, the noise protection programme and risk provisioning. This means that the pure construction costs for BER with an initial capacity of 27 million passengers, as recently reported after the meeting of the Supervisory Board on 13 March 2015, are around 5.4 billion euros.

17.04.2015