SPAIN EIB LOAN
October 1st, 2004
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has drawn up plans to lend Spain's Aeropuertos Españoles y Navegación Aérea (AENA) up to Euro 550 million to help modernise the country's air traffic control systems and infrastructure in Spain. The aim, said an EIB note, was to bring Spanish ATC services "in line with the technical requirements of Eurocontrol", helping to harmonise air traffic control standards across Europe. The EIB would be funding half of the AENA's modernisation project's total Euro 1.1 billion costs.
THE EUROPEAN Investment Bank (EIB) has drawn up plans to lend Spain's Aeropuertos Españoles y Navegación Aérea (AENA) up to Euro 550 million to help modernise the country's air traffic control systems and infrastructure in Spain. The aim, said an EIB note, was to bring Spanish ATC services "in line with the technical requirements of Eurocontrol", helping to harmonise air traffic control standards across Europe. The EIB would be funding half of the AENA's modernisation project's total Euro 1.1 billion costs.
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