Gardermoen's terminal 2 financed
The Nordic Investment Bank (NIB) will loan Avinor 1,500 million for the construction of Terminal 2 at Gardermoen Airport outside of Oslo.
Loan terms were clarified on Monday.
The first phase of the project increases the capacity of the airport to 28 million passengers by 2017, while a provision is also made for the next expansion to 35 million passengers.
NIB is an international financial institution that will cover the eight Nordic and Baltic countries. Avinor is a wholly owned government corporation that operates 46 airports in Norway.
Many of these airports are losing money, while Gardermoen is the company’s moneymaker.
To subscribe, visit SUBSCRIBE or call us at (800) 305-0271.