Frankfurt Airport operator Fraport has begun work on the new Terminal 3.
The project is expected to cost around €3.5bn to €4bn, making it Fraport’s largest single investment in the airport.
An estimated 5,000 construction workers per day will be employed during the peak of construction.
Pier G at Terminal 3 will have capacity for up to five million passengers. Once completed in 2021, the facility will be integrated into Terminal 3’s premium product.
Fraport CEO Stefan Schulte said: “We are building the future with Terminal 3, for Frankfurt Airport, the entire Rhine-Main region and far beyond. By employing state-of-the-art technology and intelligent processes to create an outstanding passenger experience, we are meeting the promise inherent in our slogan, ‘Gute Reise’, we make it happen.
“With the new terminal, we are adding sufficient capacity for about 21 million more travellers annually by the year 2023.”
The main terminal building, along with Piers H and J, will be completed in 2023. After construction, the airport will be able to handle 21 million more passengers.
Pier G will have a total floor space of approximately 55,000m² and the main terminal building with Piers H and J will occupy around 306,000m².
Retail and restaurants will occupy around 1,960m² at Pier G and around 9,700m² at the main terminal building with Piers H and J.
Minister of Finance of the German state of Hesse Thomas Schäfer said: “The construction of Terminal 3 is an important step for strengthening the airport’s competitiveness and therefore also that of the state of Hesse as a center of economic activity.
“Over the next few years, Fraport AG will invest up to four billion euros in the project. This has the potential to create many new jobs while increasing the importance of Frankfurt Airport as Germany’s largest place of employment.”
An option to construct a Pier K later will also be provided, which will increase the new terminal’s total capacity to 25 million air travellers.
Fraport wholly-owned subsidiary Fraport Ausbau Süd is responsible for managing, supervising and monitoring the construction project.