EIB approves $165m loan to Finavia for Helsinki Airport expansion


The European Investment Bank (EIB) has approved a loan of €150m ($165m) to Finnish airport company Finavia for the development of Phase IV of Helsinki Airport’s expansion plans.

The fourth phase of the airport expansion will include the extension of Terminal 2 with new arrivals and departures halls, new gates, increased border control capacity, we well as better connections to public transport and taxi services.

The project is expected to reduce bottlenecks in the Schengen area, and between the airport and the rail, bus and taxi services, improving links to public transportation.

Finavia will use the funding to expand the baggage-handling system and passport control areas to ensure smoother transit of passengers and luggage.

The expansion is expected to increase Helsinki Airport’s annual capacity to 30 million passengers per year.

Finavia CEO Kimmo Mäki said: “As the number one networked hub in the Nordic region, our aim is to offer passengers good and smooth connections worldwide.

“We want to stand out by providing an exceptionally good customer experience and sustainable operations at Helsinki Airport.”

As part of the expansion programme, a new departures hall with 76 check-in desks and a new arrivals hall will be constructed.

The border control area on the ‘airside’ will be expanded to include 24 passport check lines as well as 20 automated kiosks for arrivals and departures.

In addition to the remodelling of the bus and taxi area, improvements on the ‘landside’ will include a new tunnel connection to the ring rail connection. New parking facilities will be created, with 1,800 new parking spots.

Upon completion, the expansion is expected to create 5 000 permanent jobs at Helsinki Airport.

EIB vice president Alexander Stubb said: “Helsinki Airport probably has some of the most extreme conditions of any major international airport and it’s nothing short of amazing how Finavia deals with this, while smoothly transiting millions of passengers per year.

“The EIB’s backing will allow the airport to cope with the expected increase in passenger numbers in a rational and sustainable way. We’re very proud to support this.”


Image: New Helsinki Airport entrance with new departure and arrival halls. Photo: Courtesy of EUROPEAN INVESTMENT BANK.

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