EIB FUNDS EXPANSION OF ICELAND’S HUB AS COUNTRY’S TOURIST BOOM CONTINUES
April 1st, 2018
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, ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.