Lithuanian businessman Gediminas Ziemelis and partners are investing more than 20 million US dollars (EUR 17 mln) in the Zhukovsky Airport they operate close to the Russian capital Moscow, Verslo Zinios business daily said. The investment will go towards airport expansion to attract low-cost and cargo airlines.
"Next year we intend to expand the passenger terminal by 10,000 square meters. We will do this without loans from banks. We plan to expand the terminal to enable it to handle up to 7 million passengers per year. Then we will be able to invite one of the bigger...
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