Sheremetyevo International Airport in Moscow, Russia, has opened the first phase of its new international terminal.

The construction of the Terminal C building entailed an investment of around $500m.

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In November, the Russian Federal Air Transport Agency granted approval to Sheremetyevo Airport to commission phase one of Terminal C.

The new terminal has an annual passenger handling capacity of 20 million. Its opening is expected to increase the airport’s capacity to accommodate 80 million passengers annually.

Spread over 127,374m², the new terminal also includes a five-storey parking space with the capacity to accommodate 2,500 vehicles.

The terminal will mainly cater to the Russian airline Aeroflot, which brings in 80% of Sheremetyevo Airport’s passenger traffic.

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The second phase of the project, which will boost the terminal’s capacity to ten million annual passengers, is expected to be constructed by 2026.

According to Deputy Transport Minister Alexander Yurchik, the Russian Government has provided funding for the infrastructure and the third runway, but not for the terminal construction.

Sheremetyevo International Airport is located in Khimki, 29km north of Moscow. It is the largest Russian airport based on passenger and cargo operations.

The airport reported an influx of 49.9 million passengers last year, which is an increase of 8.9% from the previous year.

In September, Sheremetyevo International Airport inaugurated its third runway, making it the only Russian airport with three runways. The new runway will increase the airport’s capacity from 60 to 65 flight operations an hour to 90.