• Most Popular
  • Most Shared

Hungarian group says aims to build new airport

Mon Sep 22, 2008 10:52am EDT

Stocks

   

BUDAPEST, Sept 22 (Reuters) - Real estate developer Biggeorge's-NV Zrt plans to build a new international airport to compete with the Hungarian capital's main airport, Ferihegy, it said in a statement on Monday.

The new facility, Alba Airport, will be built near the city of Szekesfehervar, 60 kilometres southwest of Budapest.

"Slated to open for international air traffic in the first half of 2010, Alba Airport will cater primarily to low cost, charter and other airlines serving European point-to-point destinations, offering an alternative to Budapest Airport," the company said.

Budapest's main airport, controlled by Germany's Hochtief (HOTG.DE), handled 8.6 million passengers last year.

Biggeorge's-NV, owned by private individuals in Hungary, has a portfolio of development projects valued at more than 150 billion Hungarian forints ($914 million), it said. (Reporting by Sandor Peto; Editing by Greg Mahlich)



More from Reuters

Photo

Dubai World standstill seen in Jan, has $40 billion debt: source

DUBAI (Reuters) - Dubai World, faced with a $22 billion debt restructuring, told creditors it had $40 billion in total debts and will pitch a standstill proposal in mid-January, a banking source said on Monday. | Video

» More Top News
Senate Majority Leader Harry Reid (D-NV) (R) wipes his eyes as he and Senator Max Baucus (D-MT) (L) address senate health care legislation at the US Capitol in Washington December 19, 2009. Credit: REUTERS/Jonathan Ernst

Health bill passes crucial test

A sweeping U.S. healthcare reform bill appears headed for passage in the Senate after surviving a middle-of-the-night test vote.  Full Article | Video 

Healthcare Reform
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review