NTA secures bank facilities for airport expansion projects

31 October 2011 (Last Updated October 31st, 2011 18:30)

Northern Territory Airports (NTA), operator of Darwin International and Alice Springs airports, has secured a $350m bank facility from Australia and New Zealand Banking Group, National Australia Bank and Westpac Banking.

Northern Territory Airports (NTA), operator of Darwin International and Alice Springs airports, has secured a $350m bank facility from Australia and New Zealand Banking Group, National Australia Bank and Westpac Banking.

The bank facility will allow NTA to refinance its expiring debt of $225m and fund the expansion of Darwin's terminal and apron, and Alice Springs' apron overlay.

In addition, NTA will enlarge the car parking and retail facilities at both airports over the next three to five years.