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Fraport Places More Than EUR1 Billion in Contracts

Dépèche transmise le 9 octobre 2009 par PRNewswire

FRANKFURT, October 9 /PRNewswire/ -- "Investments at FRA Secure More Than 25,000 Jobs at Contracted Companies"

Fraport AG continued to serve as a major economic engine during the first three quarters of 2009 - particularly in the Frankfurt/Rhine-Main region. Already during the first nine months of the year Fraport awarded contracts totaling more than EUR1 billion. Particularly positive: with a total investment volume of more than EUR620 million, the majority of these contracts was awarded under competitive tenders to firms throughout the Frankfurt Airport (FRA) region.

"In 2009, after only nine months, we have already exceeded the EUR1 billion mark for contracts awarded," explained Fraport executive board chairman Dr. Stefan Schulte. "This clearly underscores the immense importance that Frankfurt Airport and Fraport AG have for the economic structure of Germany and, in particular, the Frankfurt/Rhine-Main region." By comparison, in 2008 more than EUR640 million in contracts were placed in the first three quarters - of which about EUR423 million went to companies in the Frankfurt/Rhine-Main region.

The strong climb in the contract volume in 2009 was due largely to the numerous reconstruction and expansion projects now in full swing at Frankfurt Airport. These include fire safety enhancements at the terminal facilities as well as construction of the new Pier A-Plus at Terminal 1. Civil engineering contracts for the new Runway Northwest alone reached about EUR75 million. Furthermore, approximately EUR45 million were spent on nature protection projects for reforestation and environmental improvements.

In the first nine months of 2009, 46.9 percent more contracts overall were placed with companies in the Frankfurt/Rhine-Main region year-on-year. Contracts were mainly placed with medium-sized companies and tradesmen businesses. "This clearly speaks for the competitive performance of regional businesses and their employment security," emphasized Schulte. "According to available estimates, EUR1 billion in annual investments at Frankfurt Airport secure more than 25,000 jobs at the contracted companies."

The majority of Fraport AG's purchasing volume in the first nine months of 2009 benefited smaller companies in the airport vicinity. Some 86 percent of all contracts placed in the first nine months of 2009 had a maximum value of EUR10,000 - thus ensuring the viability of numerous small and medium-sized companies.

In detail, Fraport AG's contracts in the first three quarters of 2009 break down as follows: Nearly half of the contract volume (EUR500.2 million) went to construction companies in the region. Well over EUR275.2 million were spent on goods and services. Architectural, engineering and consulting services amounted to EUR102.6 million. Another EUR135 million of Fraport AG's total contract volume were spent on building maintenance, IT services as well as the purchase of technical services. "With Frankfurt Airport, Fraport AG is not only responsible for Germany's biggest employment complex at a single location but also gives decisive impulses for the economic development of the Frankfurt/Rhine-Main region." This clearly shows the importance of Frankfurt Airport for the economy strength of the region and for employment security in many small and medium-sized businesses," Schulte concluded. ________________________________________________________________________

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For Further information, please contact: Fraport AG Frankfurt Airport Services Worldwide Robert A. Payne, B.A.A. - Sr. Manager International Press Press Office (Dept. UKM-PS), Corporate Communications (UKM) 60547 Frankfurt am Main, Germany Tel.: +49-69-690-78547; Fax: +49-69-690-60548; E-mail: [email protected]; Internet: http://www.fraport.com

CONTACT: For Further information, please contact: Fraport AG FrankfurtAirport Services Worldwide, Robert A. Payne, B.A.A. - Sr. ManagerInternational Press, Press Office (Dept. UKM-PS), Corporate Communications(UKM), 60547 Frankfurt am Main, Germany, Tel.: +49-69-690-78547; Fax:+49-69-690-60548; E-mail: