Swedavia to invest $2bn in Stockholm Arlanda expansion

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Stockholm Arlanda airport operator Swedavia has unveiled a SKr13 billion ($2 billion) investment programme aimed at supporting average annual passenger growth of 2% over the next 30 years.

Under the long-term investment programme the airport will develop its existing Terminal 5 facility to provide capacity to meet future demand under which it sees passenger levels rising from almost 21 million today to 35 million by 2040.

Stockholm Arlanda airport director Kjell-Ake Westin says: "Expanding the existing terminal is the most cost-effective way to enhance the airport’s attractiveness, and as we now take another step in this development, we are investing primarily in Terminal 5, where we also see the largest passenger growth."

The first ten years of the long-term development plan includes a new pier in Terminal 5 designed to handle larger aircraft for long-haul destinations, an expanded security checkpoint and commercial space in the same terminal. A little over half the total SKr13 billion capital spending for the terminal develop is allocated for this phase.