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Previously, EIB had given the DAA a €260 million for the Dublin’s terminal 2 projects and a €200 million for expanding a new dock. (Image credit: RTE)
Dublin Airport receives a €350m loan from European Investment Bank
The European Investment Bank agreed to give a €350m loan to the Dublin Airport Authority (DAA) in order to aid fund improvement at the Airport.The 20-year loan will go along with the authority’s ongoing investment program for improving services at the airport during high seasons.
According to DAA’s chief executive, the number of passengers this year has increased up to 7 percent during the peak summer season. In this summer, the airport is going to open 23 new routes, including new long-haul flights to the U.S, Canada, and China, added the chief.
The airport’s luggage screening systems and self-service check-in facilities are going to be improved by DAA. It is also reported that the authority plans to upgrade its existing runaways.
The fund from EIB also will be used for the alteration of the airport’s vehicle fleet to electric.
Since 1980, this is the most recent Dublin Airport to take a loan from the EIB. Previously, EIB had given the DAA a €260 million for the Dublin’s terminal 2 projects and a €200 million for expanding a new dock.
Currently, DAA Finance had two loans from the EIB - one must be paid next year, and the other which matures in 2031.
The EIB’s new loan to DAA is the greatest transport-related investment in Ireland.
Source: https://www.rte.ie/news/business/2019/0620/1056587-dublin-airport-eib/
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