Budapest airport to invest EUR 303mn in upgrades

Budapest Airport, the operator of Hungary's Ferenz Liszt Airport, will spend HUF 82.5bn (EUR 302.7mn) on improvements of the base over the next ten years, Hungary AM reported, quoting information from daily Vilaggazdasag. The investment project envisages the construction of a hotel with 200 rooms. The EUR 25mn building will be situated opposite to Terminal 2. The construction process is expected to start in 2012 or 2013 and the hotel will be ready by 2014. The Airport expansion projects includes also the construction of a cargo management centre, a warehouse and office buildings. As a result of the huge investment, around 10,000 new workplaces will be created, which will almost double the current headcount.