As part of one of Europe’s largest privately financed infrastructure projects, Fraport AG has laid the cornerstone for the new Terminal 3 at Frankfurt Airport. Due for completion in 2021, Pier G will provide capacity for an additional 5 million travelers to the current level of 70 million in 2018. With the completion of Piers H and J by 2023 capacity will have increased by 21 million, while completion of Pier K will increase the overall capacity of Terminal 3 to 25 million travelers, at an estimated cost of between €3.5 and €4.0 billion (US$3.9 and US$4.5 billion.) Fraport Ausbau Süd GmbH, a wholly-owned subsidiary of Fraport AG, is responsible for managing, supervising and monitoring the construction project.
During the ceremony, Fraport CEO Schulte stated: “We are building the future with Terminal 3―for Frankfurt Airport, the entire Rhine-Main region and far beyond. By employing state-of-the-art technology and intelligent processes to create an outstanding passenger experience, we are meeting the promise inherent in our slogan, ‘Gute Reise! We make it happen’.”
