Photo Credit: http://www.venture-news.ru

Renova continues its advance through Russia’s vast expanses by investing in airports.

Regional Airports Management Company, the airport division of Viktor Vekselberg’s Renova has just won the bid to upgrade the Perm airport.

Investment into a major renovation of Bolshoye Savino Airport is expected to total 8 billion roubles.

Originally opened in 1965, it launched international flights in 1993. It has been officially used by the Perm Airlines and the Ministry of Defence.

According to the bid, Renova will build a new passenger terminal, with a floor space of 25,000 sq m, a hotel with up to 150 rooms, upgrade the cargo terminal and later build a new one.

The works will be done in two stages, with the first deadline at expiring on December 31, 2015.

The construction of a passenger and cargo hub in the Perm Region will surely improve its tourist appeal.

Other bidders included Roman Trotsenko’s Novaport and Oleg Deripaska’s Bazel Aero. It is these two big holdings, along with Renova and Sidinka Holdings, controlled by Arsen Kanokov, president of the Kabardino-Balkaria Republic, that have channeled hefty funds into the redevelopment of regional airports.

Click here to view the traffic of Russian airports and here to see how the air network could be further developed.

Earlier, Russia-IC also reported on the deal to upgrade Emelyanovo Airport signed between the Kransoyarsk Region and a group of investors, including Vekselberg’s Renova.       

See more at: http://russia-ic.com/news/show/15539#.UTM7OzAyZ8E

Excursion around the airport.

First flight of Boeing 747-8F AirBridgeCargo from Emelyanovo.

3D design of the future airport.

 Taking off.

Earlier, Renova acquired 71.18% interest in OJSC Kurumoch International Airport in Samara. “Over 5 billion rubles are budgeted for the investment program aimed to develop the Kurumoch airport till 2015”, said Evgeny Chudnovsky, CEO of Koltsovo Airport, who is in charge of the airport business in the Renova Group.

The new terminal is expected to start operation on December 31, 2014. The second phase of the investment program is scheduled for 2015 - 2018. The terminal will be expanded to 60,000 sq. m, together with a new hotel, business center, multilevel parking lot and a railway terminal to be built. The new terminal will have the capacity of up to 3.5 million passengers. 

The Renova Group has now formed Russia’s largest airport holding, controlling Koltsovo (Ekaterinburg), Strigino (Nizhny Novgorod), Kurumoch (Samara), Bolshoye Savino (Perm), and Emelyanovo (Krasnoyarsk). It also plans to build a new airport in Rostov-on-Don.