Netherlands’ Schiphol Airport to invest $6.7 bln over next 5 years to boost capacity

passengers Schiphol 2022

AMSTERDAM, Aug 30 (Reuters) – Amsterdam’s Schiphol Airport, one of Europe’s main aviation hubs, on Friday pledged to invest 6 billion euros ($6.65 billion) by 2029 in what it called the largest investment plan in its history.

The airport extended a previously announced investment of 3 billion euros from 2024-2027, saying large parts of the planned renewal and maintenance works at the airport would continue afterwards.

“Our infrastructure is the foundation of our service, but is currently far from what we want to offer our passengers as a quality airport in the Netherlands,” Schiphol CEO Pieter van Oord said in a statement.

Schiphol added that for the full year 2024 it expects a total number of passengers of between 65 and 68 million and a total number of flights of between 470,000 and 473,000.