Financial adviser BNP Paribasarranged a roadshow in February for ministry officials to solicit interest from European operators in the scheme, which was introduced at the request of the World Bank. The board of the bank in April approved a $335 million loan for the expansion of Cairo and Sharm el-Sheikh airports, for which bids are due in mid-June and mid-July respectively.
Under a $235 million, three-year upgrade and expansion programme, the government plans to build a new international airport at Borg el-Arab and expand the existing airports at Luxor and Hurghada, as well as setting up an operational database system in Cairo and a central control centre to link six regional airports to the capital (MEED 24:10:03).
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