Monday, July 31, 2017

Dubai Airports seeks $1bn funding for airport expansion

Dubai Airports is looking to raise $1 billion in funds for the expansion of its second airport, a report said.

The government-owned airport operator is talking to banks about the export-credit agency-backed fundraising, which is likely to have a maturity of more than 10 years, a report in Gulf Times said citing people with knowledge of the matter.

The funds will cover the setting up of a baggage-handling system and an automated people mover to carry passengers within the new Al Maktoum International Airport.

The new fundraising follows the $3 billion loan that Dubai Airports raised in May to fund the expansion of this facility as well as of Dubai International Airport, the report said.



from Travel Tourism Hospitality


Links topic: http://www.wegocasablanca.com/2017/07/dubai-airports-seeks-1bn-funding-for.html