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Sochi Airport

Basic Element opens first key Sochi 2014 Olympic facility

16.09.2010

Basic Element holds the official opening ceremony today for the new terminal complex at Sochi International Airport. This state-of-the-art terminal is the first key facility to be commissioned for the Sochi 2014 Winter Olympics and is a crucial phase in preparing the airport for this major event.

The new terminal complex, which is already operating and handling passengers on both domestic and international flights, is equipped with the latest engineering systems and technological equipment, ensuring the highest degree of safety and comfort. Particular emphasis was put on ecology and resource efficiency when building the terminal.

Oleg Deripaska, Chief Executive Officer of Basic Element, said:

"This is a major event not just for Basic Element as the investor and builder for the new airport terminal complex and several other Sochi 2014 Olympic sites, but also for the main Russian resort city of Sochi and the Krasnodar Territory, as a modern airport is a key element of the region's future prosperity. I would also like to emphasize the important role in this success played by our partners, without whom the project would have been impossible."

Dmitry Chernyshenko, President of the Sochi 2014 Organizing Committee, commented:

"The new air gateway is what will give our guests - the tourists, sportsmen and women, official delegations and spectators who fly in from all over the world - their first impressions of the Olympic Sochi. The atmosphere that reigns in the city during the Games will also go some way to determining how good those impressions are."

The new terminal complex boosts the airport's passenger throughput capacity from 900 to 1,600 passengers per hour. In 2012, when the airport finger with its ten telescopic gangways is completed, the airport will be able to handle up to 2,500 passengers per hour, rising, in time for the Olympics, to 3,800, in full keeping with International Olympic Committee requirements.

Overall investment in the airport terminal was 6.2 billion rubles. Vnesheconombank was a key lender.

Further information about the new terminal complex at Sochi International Airport

Management Company

LLC Basel Aero

Location

Adler District, Sochi

Commissioning date

June 2010

Passenger throughput capacity

2,500 passengers/hour, projected to rise to 3,800 passengers/hour by 2014

Key domestic flight destinations

Moscow, St Petersburg , Yekaterinburg, Krasnodar, Tyumen

Key international flight destinations

Hannover, Istanbul, Vienna, Tel Aviv, Tashkent

Investment

6.2 bln rubles invested in construction of airport terminal complex

  

About Sochi International Airport

Sochi International Airport, which is run by the Basic Element Group's Basel Aero, is one of Russia's ten biggest airports in terms of domestic passengers. The airport handled 1.4 million passengers in 2009. Some 35 airlines operate scheduled and charter flights from Sochi to more than 50 destinations in Russia and abroad.

About Basel Aero

Basel Aero, the airports operating company, was established in 2007. Basel Aero today operates airports in Krasnodar, Sochi, Gelendzhik and Anapa. Basel Aero's airports account for 8% of Russia's passengers and 4% of its air freight. They handled 11,700 flights, 3,300 passengers and 9,900 tonnes of cargo in 2009. More than 50 airlines carry out flights to and from Basel Aero's airports each day.

Basel Aero's priorities are the creation of a single aviation hub in the south of Russia, full airport reconstruction and modernization, and the implementation of advanced passenger, cargo and aircraft handling technologies.

http://www.basel.aero/

About Basic Element

Basic Element is Russia's leading diversified investment company striving to conduct business in Russia and around the world in an effective and responsible manner. Basic Element's main assets are concentrated in five economic sectors - Energy, Manufacturing, Financial Services, Construction and Aviation.

Basic Element through its affiliates owns significant stakes in and operates dozens of companies. Many of them play key roles in their respective market segments in Russia and internationally, including UC RUSAL, GAZ Group, Transstroy and Ingosstrakh.

More than  250,000 people work at the Group's companies in Russia, the CIS, Africa, Australia, Asia, Europe and Latin America.

Basic Element adheres to high standards in its work and is dedicated to conducting business effectively and responsibly in Russia and the world over.

http://www.basel.ru/

 

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