Portugal seeks EIB loan for airport projects

25 September 2011 (Last Updated September 25th, 2011 18:30)

Portugal's national airport company ANA is seeking a €90m loan from the European Investment Bank (EIB) to part-fund improvement works at seven ANA-owned airports across the country.

Portugal's national airport company ANA is seeking a €90m loan from the European Investment Bank (EIB) to part-fund improvement works at seven ANA-owned airports across the country.

The expansion project will cost €180m, which will be invested to enhance safety and service standards, and alleviate specific operational and capacity constraints.

About 50% of the project's cost will come from the EIB loan, while the remaining money will be contributed by the company.

Most of the money will be invested at the airports of Oporto, Faro and Lisbon, and smaller investments will be made at the four airports that serve the Azores archipelago, according to theportugalnews.com.