Sheremetyevo International Airport's Alexander Ponomarenko Discusses Master Development Plan with Board

MOSCOW, Dec. 3, 2018 /PRNewswire/ -- The Sheremetyevo International Airport (JSC SIA) Board of Directors met this week to approve multiple phases of the Master Development Plan. The Board approved the construction and renovation of Terminal C (Phase 1) along with updated parking lot reconstruction plans. The Board of Directors also gave a greenlight to develop a rail station in the Northern Terminal Complex.

The Board approved the Master Development Plan for Sheremetyevo International Airport until 2024. The Plan provides for the commissioning of the following objects:

In 2019, the airport will construct a third runway, increasing the capacity of the airport from 55 to 90 takeoff and landing operations an hour. Phase 1 of Terminal C construction will also finish in 2019, offering an annual capacity of 20 million passengers and multilevel parking for 2,500 vehicles.

In 2020, the airport will add a hangar complex with an aircraft maintenance area to the third runway. The complex will feature at least seven hangars for our partner airlines, and process pads for specialized ground handling and airfield service vehicles.

In 2021, Phase 2 of construction will begin on Terminal C, increasing its capacity by 10 million passengers per year, along with an additional 1,500 parking spots in the multi-level complex. The airport will also develop a railway and rail station in the Northern Terminal Complex, which will provide passengers with a direct connection from Central Moscow to Terminals B and C of SIA. JSC Russian Railways will lead the rail project for Sheremetyevo.

In 2022, SIA will develop an apron for the third runway that will host more than 40 parking lots for aircraft. Developers will also construct a Sheremetyevo "Moscow Cargo" terminal with a capacity to handle 380 thousand tons of cargo annually.

The JSC SIA Board of Directors approved all financial statements for the first 9 months of 2018, prepared in accordance with Russian Accounting Standards (RAS). Revenue in the first 9 months of 2018 increased by 9.6%, gross profit increased by 16.2%, and value of sales reduced by 3.2% as compared with 2017.

Key highlights in accordance with RAS

To conclude the meeting, Chairman of the Board Alexander Ponomarenko emphasized, "We determined the most important strategic milestones in the infrastructure modernization and construction projects to be implemented in the Master Development Plan of Sheremetyevo International Airport until 2024. This will ensure the long-term steady development of airlines and business partners for the benefit of our passengers and clients. Implementation of the Master Development Plan will strengthen Sheremetyevo's position as the largest Russian airport, and as a competitive passenger and cargo hub in Europe and in the world. The new infrastructure of Sheremetyevo Airport will contribute to the effective realization of Russia's air transport potential."

The JSC SIA Board of Directors include: Alexander Ponomarenko, Chairman of the Board of Directors of JSC SIA (Sheremetyevo International Airport), Chairman of the Board of Directors of Sheremetyevo Holding LLC; Mikhail Vasilenko, CEO of Sheremetyevo International Airport JSC; Evgeny Ditrikh, Minister of Transport of the Russian Federation; Roman Zinovyev, President of Sheremetyevo Holding LLC; Ilya Petrov, Vice-president of MD Group LLC; Aleksandr Pleshakov, President of the Non-profit partnership of Financial Managers Guild, non-executive director; Alexey Smagin, First Vice-President ? Investment Director of Sheremetyevo Holding LLC; Aleksandr Skorobogatko, Member of the Board of Directors of JSC SIA (Sheremetyevo International Airport); Dmitriy Pristanskov, Deputy Minister of Economic Development of the Russian Federation ? Head of the Federal Agency for State Property Management.

SOURCE Sheremetyevo International Airport