2012-08-09 — /travelprnews.com/ — Exactly 264,842,374 euros. This is the accumulated value of all development commitments fulfilled by Budapest Airport as part of the Privatization Agreement, exceeding the 260.6 million euro limit set by the agreement. Budapest Airport has filed an audited Progress Report about all the developments with MNV, the Hungarian National Asset Management Company, on 25 July 2012.
A completely new building at Terminal 2 called the SkyCourt, a brand new baggage handling system, a new security perimeter fence for the airport, a secure and upgraded energy supply system, new runway and taxiway systems, a new IT network and an airport-based facility for the Hungarian Post. These are the major projects successfully concluded in the past five years at Budapest Airport under the Privatization Agreement of the airport. Budapest Airport continued the development of the airport facilities even during the days of the world-wide financial crisis of 2008-2010, at some points being the only major investment project in progress in Hungary.
Besides the SkyCourt, Budapest Airport developed a state-of-the-art new airport security and surveillance system, a new baggage handling facility, more than 80,000 square meters of apron area (where aircraft are parked), improved runway and taxiway systems, developed the airport’s IT system and built new roads and parking areas. Budapest Airport completed its development program one-and-a-half years earlier than envisaged by the relevant agreements. The detailed progress report was handed over to MNV, the Hungarian National Asset Management Company, on 25 July 2012.
The latest traffic forecast projects an approximately 10-13 decrease in passenger traffic for 2012 at Budapest Airport, while practically all transfer traffic has been lost (-99%). Air traffic movements are down by 20.2%, i.e. are at the level of the year 2002. The market share of the low cost carriers has gone up from 26 % last year to 53 % in July 2012.
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