NAIROBI AIRPORT GETS EU CASH INJECTION
March 1st, 2010
BY KEITH NUTHALL
JOMO Kenyatta International Airport is receiving Euro 68.8 million financing from the European Union (EU), mostly from the European Investment Bank (EIB). It is lending the Kenya Airports Authority Euro 63.8 million alone and granting Euro 5 million in conjunction with German development bank KfW. The money will help the authority raise the US$259 million it wants to expand and rehabilitate its terminal facilities and associated aprons, taxiways and access roads, raising its annual capacity to 9 million passengers. It will also raise security to ...
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