Sharm el Sheikh International Airport gets a boost
The African Development Bank agreed to provide a $170bn loan to develop Sharm El- Sheikh International Airport, stated Mahmoud Esmat the Chairman of the Egyptian Holding Company for Airports and Air Navigation.
Esmat said that the developments aim was to increase the airports absorptive capacity.
The expansion will serve the tourism sector and increase the revenues of the Ministry of Civil Aviation, in addition to helping improve the national economy and more importantly to us, the Sharm el Sheikh economy.
The airport’s current capacity is 10 million passengers; the development’s target is an increase to 18 billion passengers per annum.
Tags:international, sharm
170Bn$????????????? Check your calculations, Millions would be more appropriate I think 😉
Hello Mr. Henri Hemmerechts, we are not the only source of this news
http://www.dailynewsegypt.com/2015/03/18/afdb-provides-170bn-loan-to-sharm-el-sheikh-international-airport-ehcaan-chairman/
http://www.amcham.org.eg/online_services/tas/View_Projects_Email_twitter.asp?project_id=33415
the entire EEDC generated 125 Billion for the Entire Country!
so let’s be honest and smart. 170 Billion buys you an airport made out of goldleafs 🙂 preposterous news/source
yes we understand that number is too big!, and we didnt publish it until we checked from different sources, however will email the bank media center to make sure of the number and will keep you posted, thanks for your interest