Queen Alia airport expansion secures finance

27 November 2007
The Arab Bank Group has agreed a $160m loan as part of the financing arrangements to expand Queen Alia International Airport.

Arab Bank is lead arranger on the deal, with the French banks Calyon and Natixis.

The first phase of the airport is set to cost $675m with a new terminal raising capacity to 9 million passengers a year from the current 3 million.

The remainder of the funding will be provided through two loans from the International Finance Corporation, which totals $110m. The Islamic Development Bank will provide a $100m finance lease, with around $155m financed through existing capital and operating revenues from the airport itself.

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