Farmer Business Developments plc
In doing so we have paid 10% more accordingly than for our original
stake. Is this a wise move? - comments below from International sources
on the ongoing, and new 7th delay, to an opening date for the Airport
delayed to 2021 ?
Originally scheduled for 2011, Der Tagesspiel newspaper says the latest
talk is of mid- to late-2020. Its the seventh time the opening
has been postponed since the project began in 2006. The airport
is jointly owned by the city of Berlin, the state of Brandenburg and
Germanys federal government.
have already inflated the budget by billions of euros and continue
to cost the German taxpayer around one million euros a day.
setback is reportedly due to problems with fire protection. Other
errors over the years include badly installed cables, escalators that
were too short and a roof that was too heavy.
is also a factor last year one former airport employee was
sentenced to prison for taking bribes and dozens of others have been
damage includes construction companies, retail outlets and taxi firms
forced into bankruptcy and one former Berlin mayor forced out of his
The new facility
is expected to service some 34 million passengers a year and will
replace the German capitals ageing Tegel airport. Assuming,
of course, it ever gets off the ground
the FINANCIAL TIMES
Berlins new airport is to open almost a decade later than planned
Berlins new international airport will open in October 2020,
almost a decade later than originally planned, a development that
marks the latest twist in a tale of engineering chaos that has captivated
and embarrassed Germany in equal measure. The new Berlin Brandenburg
airport, located in the south-east of the city, was supposed to usher
in a new era of travel for the once-divided city. After reunification
in 1990, the German capital initially made do with three smaller airports
Tegel and Tempelhof in the former West Berlin and Schönefeld
in the former East but eventually decided to build a modern
international hub adjacent to Schönefeld. Tempelhof has since
been closed, leaving Berlin with just two ageing airports that lack
the scale and transport connections of other capital hubs.
Brandenburg airport, also known by its international code BER, was
initially due to open in 2011. But a series of planning errors and
construction faults caused severe delays as well as heavy cost overruns.
Berlin Brandenburg was at first expected to cost the taxpayer €2bn.
This estimate has been revised multiple times since and currently
stands at €6.5bn In a country that prides itself on reliability
and engineering excellence, the serial mishaps at the new airport
have sparked anguished debate and intense media scrutiny.
Critics also point out that Berlin Brandenburg is no isolated case.
In recent years, prestige building and infrastructure projects ranging
from the Hamburg philharmonic concert hall to Stuttgarts new train
station have been beset by cost overruns and lengthy delays. Earlier
this week, the inauguration of a new high-speed railway link between
Berlin and Munich descended into farce after the maiden voyage arrived
more than two hours late. Deutsche Bahn, the German railway operator,
has been battling delays and technical problems on the new track ever
The Berlin airport fiasco has caused exasperation not least among business
leaders in the German capital and the surrounding federal state of Brandenburg.
The airport project BER need a clear perspective at last,
Christian Amsinck, general manager of the federation of Berlin-Brandenburg
businesses said on Friday. Every day that BER is not up and running,
Berlin and Brandenburg are losing opportunities, especially
in terms of developing the areas around the airport.
Analysts point out that the planning process for the new airport was
faulty from the outset. Crucially, the regional governments of Berlin
and Brandenburg decided not to award the building contract to a single
construction group but parcelled out jobs in small batches to ensure
that smaller local firms could also benefit from the works. Researchers
at the Berlin-based Hertie School of Governance, who studied the recent
history of German megaprojects in depth, found other errors. The
high cost overruns and missed deadlines go back to core deficits in
the chosen governance approach. The supervisory board was predominantly
filled with politicians and lacked substantive knowledge, they
noted in their study. There was also no external controlling, the Hertie
Please view my
disclaimer and Cookies
FBDplc - Farmer
Business Developments PLC