South Korea Invests in Poland’s New Airport

The global passenger volume has been significantly decreased since the start of the pandemic, but the aviation industry hasn’t ceased to its infrastructure. Polish government has announced that it will build a new airport in Warsaw. South Korea’s Incheon International Airport Corporation (IIAC) will invest in the new airport project in Poland.

The new airport is the part of Central Transportation Port (CPK) project. According to local media, CPK is the biggest infrastructure investment in the country. The CPK will consist of airport and railway facilities. The new airport will be located in central Poland, 45 kilometers southwest of Warsaw, Poland and will cost about 7.4 billion euros ($8.346 billion).

Mateusz Morawiecki, Prime Minister of Polish said, “the project is a combination of ambition, experience and potential.”

The new airport will cover 3,000 hectares and is expected to be completed by the end of 2027, handling 45 million passengers every year in the first phase, but its capacity could reach 100 million in the future.

Warsaw owns Chopin Airport, which already hit its maximum capacity and will be replaced by the new airport. The 87 years old airport is located 10 kilometers southwest of Warsaw, Poland and has handled almost 19 million passengers in 2019. As a result of the pandemic, the passenger capacity has dropped to 5.5 million in 2020. The top five destinations from Warsaw’s Chopin Airport are Kyiv, Ukraine; London, Paris, Frankfurt and Amsterdam.

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