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EIB: Fraport’s works in regional airports progressing smoothly

EIB: Fraport’s works in regional airports progressing smoothly

Fraport Greece will adhere to a timetable of implementing all infrastructure development projects in the 14 regional airports, European Investment Bank (EIB) sources said on Friday.

The same sources said a strict implementation of the work program will be to the benefit of all sides and will safeguard visible benefits to the image of the 14 regional airports, upgrading Greek tourist product and boosting passenger traffic in the country. Fraport Greece has signed two loan agreements with EIB worth 280 million euros.

EIB’s sources said the bank was interested in new fundings of infrastructure projects, such as new airports and renewable energy sources, school infrastructure, transport, road networks, etc. But at the same time, EIB invited enterprises in the private sector for cooperation and funding. “We are open, as a bank, to fund healthy investment plans,” EIB’s executives said and invited Greek businessmen to contact with the bank.

EIB signed funding agreements worth 1.65 billion euros with Greece in 2016 and was expected to sign similar deals worth around 2.0 billion euros this year. EIB’s loan portfolio for Greece surpasses 17 billion euros, or around 10 pct of the country’s GDP.

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