Hungary Plans Major Expansion for Budapest Airport

Hungary will build a third terminal at Budapest Airport and enhance its road and rail links to the capital in order to accommodate 25 million passengers annually by 2040. The state-owned Corvinus Zrt. and French co-investor Vinci Airports recently acquired Budapest Airport in a deal costing 3.1 billion euros.

Hungary is set to expand Budapest Airport by constructing a third terminal and improving its road and rail connections to the capital. The ambitious project aims to handle 25 million passengers annually by the year 2040, Economy Minister Marton Nagy announced during a press conference on Tuesday.

Last month, Hungary's state-owned Corvinus Zrt., in partnership with French co-investor Vinci Airports, acquired Budapest Airport from its main shareholder AviAlliance and several minority shareholders. The acquisition deal was valued at 3.1 billion euros ($3.35 billion), calculated with the exchange rate of $1 equivalent to 0.9247 euros.

(With inputs from agencies.)