The CSU and the Free Voters (FW) in the city council want to sell a large part of the city’s shares in Munich Airport. The proceeds are intended to finance the expansion of the subway, especially the new U9 and U5.
The state capital currently holds 23 percent shares in the airport, the Free State 51 percent and the federal government 26 percent. The CSU and FW are now calling for 18 percent of the shares to be initially offered to the state and federal government as well as to Lufthansa. If they do not want to buy, the shares should be sold on the open market. The city should keep the remaining five percent in order to continue to have a say at the airport.
Even with this small share, the city would still have the right to veto the construction of a third runway, for example. Politicians still feel bound to the 2012 referendum against the runway.
The CSU and Free Voters assume that the city’s airport share is worth around one billion euros. There is currently no funding commitment for the planned U9, which according to current estimates will cost four to six billion euros. The idea: If the city were able to invest the proceeds from the airport sale in the construction of the U9, this could enormously increase the willingness to provide funding at the federal and state levels.
The green-red majority in the town hall does not believe in the initiative and definitely wants to hold on to the existing share in the airport. This is intended to prevent the city’s influence on the development of the airport from becoming less.