The reconstruction of Yermolino Airport—which is estimated to cost RUB11.3 billion ($325 million)—will begin before year end, according to Salavat Kutushev, CEO of Yermolino’s management company. Earlier estimates for the new infrastructure were $200 million, but Kutushev said this amount only covered the first phase of reconstruction. The airport should be able to handle 1,250 passengers per hour when it begins operations in 2017, but capacity will increase to 2,400 ...

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