The European Bank for Reconstruction and Development (EBRD) is to loan Sarajevo International Airport € 25 million to expand its infrastructure and increase its capacity.
Sarajevo International Airport is the main gateway to Bosnia and Herzegovina, handling the majority of majority of international flights into the country.
In recent years passenger traffic at the airport has increased significantly and continues to grow despite the economic downturn.
The EBRD loan will finance expansion of the passenger terminal, construct a new rapid runway and expand the aircraft parking apron, adding almost 7000 m2 to the current passenger terminal, which covers 10000 m2.
The expansion is supported by grant financing from the Dutch government, the Western Balkans Fund and EBRD Shareholder Special Fund of nearly € 1 million.
The grants will be used for preparation of the final design of the expanded passenger terminal and updating the corporate plan outlining the airport's future strategy.
Since the beginning of its activities in Bosnia and Herzegovina, the EBRD has committed over € 1 billion to the country's economy, of which over a third has been in the infrastructure sector.