Home / Airline news / RDIF plans to invest in “Pulkovo” “hundreds of millions of dollars” for 7-10 years

РФПИ планирует инвестировать в "Пулково" "сотни миллионов долларов" в течение 7-10 лет The Russian direct investment Fund (RDIF) and middle Eastern sovereign wealth funds plan to invest in the airport “Pulkovo” “hundreds of millions of dollars” for 7-10 years. About it on air of TV channel “Russia 24” said the head of RDIF Kirill Dmitriev, reports TASS.

“All the details we can’t disclose, but we are talking about hundreds of millions of dollars, a very significant minority stake. We see the term investment horizon of 7-10 years. It’s even more than ordinary investment FUND,” he said.

According to Dmitriev, the airport “Pulkovo” “an extremely promising project” from the point of view of investors, and “very successful high-quality asset.” “We believe that VTB has built a very successful, high-quality asset will go there and the sovereign Fund of Qatar, and a number of our other middle Eastern partners. Accordingly, this transaction, which takes its final shape. I think that before the end of the month they (investors – approx. TASS) are clear to all. There will be several sovereign wealth funds in the Middle East that invest in Russian infrastructure. Accordingly, we together will have a minority stake. Will remain VTB, Fraport (the German Fraport AG holding approx. ed.)”, – said the head of RDIF.

Airport Pulkovo is the 4th busiest in Russia. The forecast for 2016, passenger traffic may reach about 13 million people (5% below 2015). Operational management is conducted by the international consortium “Northern capital gateway”, the list of participants which includes “VTB Capital”, Fraport AG (Germany) and Copelouzos Group (Greece).