Václav Havel Airport Prague in the Czech Republic has unveiled a CZK16bn ($688m) Terminal 2 expansion plan to meet growing passenger traffic.

The country’s media outlet Prague Morning stated that around CZK9bn ($387m) will be invested towards the terminal. The remaining CZK7bn ($301m) will be used for constructing taxiways, a parking or elevated road and other traffic routes in front of the terminal.

Terminal 2 currently operates flights to and from the visa-free Schengen zone countries.

After its expansion, it will feature nine new aircraft contact points equipped with boarding bridges and gates for short-haul and medium-haul flights.

Five alternative aircraft will be available for handling long-haul flights.

The work will also include the construction of a centralised security checkpoint, a new reconfigured aircraft stand and two new large-capacity carousels in Terminal 1, as well as new parking garages, Skywalk and Plaza in Terminal 2.

Construction is expected to be completed in 2028.

Additional construction on a new runway is set to begin in 2025 and will involve an estimated cost of CZK9bn ($387m).

A train line to connect the airport with the city will also be built. The train service is expected become operational in 2028.

Czech Republic Minister of Finance Alena Schillerová said: “The development will be financed from the airport’s resources and will not burden the national budget in any way.

“The projects will lead to the modernisation of the airport and make the transport more efficient to maintain high passenger comfort.”

Radio Prague International quoted Prime Minister Andrej Babiš as saying that the airport plans to allocate CZK55bn ($2.36bn) towards upgrades in the next 30 years.

The airport handled 16.8 million passengers last year and is forecasted to handle 30 million annual passengers in the future.