EBRD to finance Manas Airport modernization
By Trend
The European Bank for Reconstruction and Development and Kyrgyzstan’s Manas International Airport, the main air gateway in Kyrgyzstan, signed loan and grant agreements, the bank reported on May 26.
The airport operating company, MIA (International Airport Manas), will receive a loan of $4.7 million and an investment grant of $500,000 to address the growing demand for good quality airport services in Kyrgyzstan, and will assist the installation of a ventilation and heating system, which complies with international best practice and energy efficiency standards.
Manas, the main airport in Kyrgyzstan, serves the capital
Bishkek and is used by some international airlines as a transit
airport.
The project will also be the first time in the Kyrgyzstan that a
majority state-owned enterprise borrows funds without a sovereign
guarantee.
In addition, the EBRD will provide technical assistance to the
airport to improve financial management and efficiency of
operations, as well as energy efficiency standards.
To date, the EBRD has invested about $770 million in various sectors of Kyrgyz economy, with projects in infrastructure accounting for a third of the total investment.
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