Thursday, November 23, 2017

Yekaterinburg Koltsovo Airport announces construction project

The Yekaterinburg Koltsovo Airport has announced plans to invest $52.8 million in a string of development projects this year.

The recent development allocations mark a 27.7 percent increase over development investments in the previous year. Among the proposed projects is a major internal reconstruction project that will result in the connection of the airport's two buildings, URBC.ru reports.

The Koltsovo Airport estimates that the project to connect the airport's two buildings will cost approximately $29.7 million. The funds for the project will be supplied by the airport's own budget, and the end result of the project will be an approximate 50 percent increase in the total amount of commercial space inside the airport.

The Koltsovo Airport is currently the fifth largest airport in Russia. The airport was first built in 1928 as a military base, but was converted for civilian use in 1943. In 2010, the airport served a total of 2,748,919 passengers and shipped more than 22,000 tons of cargo. The airport serves as the primary hub for both Ural Airlines and Aviacon Zitotrans.