EIB AND EBRD LEND EURO 467 MILLION TO FRAPORT CONSORTIUM TO IMPROVE 14 GREEK AIRPORTS
April 1st, 2017
GREECE is to benefit from nearly EUR500 million’s worth of financing from the European Investment Bank (EIB) and the European Bank for Reconstruction & Development (EBRD) to finance regional airports whose concessions were approved as complying with European Union (EU) competition law in March. The banks, promoting economic development priorities highlighted by the European Commission’s Juncker Plan, have signed two loan agreements for improvement works at the airports worth EUR280,4 million (EIB) and EUR186.73 million (EBRD).
The loans follow the ...
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