Prague Airport completes crucial land acquisition

Prague Airport has acquired 42.5 ha of land from the state-owned company Správa Letiště Praha for CZK 1.59bn in a transaction that still has to be approved by the government. The server zdopravy.cz broke the news based on materials prepared by the Ministry of Finance. The official valuation for the land was just CZK 591m but Deloitte Advisory put its value at CZK 1.59bn. The land is located next to the airport and will be used for the construction of infrastructure. Prague's airport is now operating at full capacity, handling 17.8 million people annually. Its development will require the construction of a new runway as well and the expansion of Terminal 2.