Construction of a new international passenger terminal at St. Petersburg Pulkovo officially started last month, part of a €1 billion investment program by the Northern Capital Gateway consortium that won a 30-year concession bid proffered by the airport last October. The private consortium comprises Fraport AG (35.5%), VTB Bank of Russia (50%), Cypriot investor Koltseva Holdings Ltd. (7.5%) and the Greek Copelouzos Group (7%). It effectively took over management of LED in ...

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