The Aéroports de Lyon (ADL) Supervisory Committee has given its agreement to the board to launch the Future Terminal 1 project at Lyon-Saint Exupéry Airport.
The financing agreement for the 2012/2016 investment programme was signed by ADL Chairman, Philippe Bernand, and Vice Chairman of the European Investment Bank, Philippe de Fontaine Vive, marking the first time ADL has committed to a multi-annual financing agreement until 2016.
The future Terminal 1 is part of the airport’s development to welcome 15mppa by 2020. The 753,473.7sq ft (70,000m2) facility – the same area covered by all existing terminals – will have a capacity of 10mppa and hopes to absorb the growing amount of low-cost and conventional traffic.
Located in the extension of the current Terminal 1, it will be connected via an underground gallery to the current Terminal 3 satellite, which opened in November 2011. The metal-fabric section of Terminal 3 will be demolished and the outside areas on the ‘city side’ will incorporate a pedestrian walkway and infrastructures required for all ground access points.
The project, incorporating the building, external areas, aircraft parking areas and equipment, is estimated to cost €180m (US$235.5m) and will be split into two phases. Phase 1 will run from 2013 to 2016 at a cost of €133m ($174m), while Phase 2 will utilise the remaining €47m ($61.5m). The EIB is financing part of the five-year programme with a global loan of €140m ($183.2m) – half will be a direct loan from EIB and half will be from intermediated loans via commercial banks.
(Image: Rogers Stirk Harbour + Partners)