EIB FUNDS EXPANSION OF ICELAND’S HUB AS COUNTRY’S TOURIST BOOM CONTINUES

ICELAND airport operator Isavia has borrowed Icelandic Krona ISK12.5 billion (EUR100 million) from the European Investment Bank (EIB) to help finance renovations and capacity improvements at the country’s Keflavik International Airport. With the country experiencing a tourism boom, the airport processed 8.7 million passengers in 2017, up 28.3% on 2016, and is projected to receive nearly 10.5 million travellers in 2018. So, Keflavik needs to expand, with the money helping finance additional terminal, airside and landside capacity, extending the south terminal, ...


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