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Publish Date : 12-Jul-2014

The European Investment Bank, Europe's long-term lending institution, has agreed to provide a EUR 20 million loan (equivalent to USD 26 million or MZN 820 million) to support investment at Mozambique's main airport in the capital Maputo that will allow the airport to meet International Civil Aviation Organization safety standards. The rehabilitation programme reflects safety priorities at the airport and will include resurfacing of the airport's runway, taxiway and apron areas, improve landing lights, ensure adequate water supply in case of fire and improve aircraft fuel supply infrastructure.

European Investment Bank support for the investment programme was formally agreed at a signature ceremony in Maputo by His Excellency Manuel Chang, Minister of Finance of the Republic of Mozambique, Emanuel Chaves, Chairman of the Board of Directors and Artur Magalhăes, Finance Director, of Aeroportos de Moçambique and Carmelo Cocuzza, the European Investment Bank's Regional Representative for Southern Africa. Financial support will also be provided by the French development agency, AFD, and the EU-Africa Infrastructure Trust Fund, with cooperation between financial institutions streamlined under the Mutual Reliance Initiative. Approval of the new loan follows detailed assessment of the airport’s investment needs and planning to minimise disruption during construction work.

"Maputo airport is the main passenger gateway to Mozambique and a leading regional transport hub essential for business and tourist travel in southern Africa. The European Investment Bank is committed to supporting investment that facilitates transport and regional economic cooperation across Africa and we are pleased to support this crucial project that will significantly improve safety for air travellers to and from Mozambique." said Pim van Ballekom, European Investment Bank Vice President.

"The new investment at Maputo airport backed by the European Investment Bank follows recent completion of new international and domestic terminals and will strengthen the airport's role as the leading gateway to Mozambique. This will upgrade key infrastructure to international standards and benefit all users of the airport for many years to come." said Emanuel Chaves, Chairman of the Board of Directors of Aeroportos de Moçambique.

"Maputo is increasingly becoming a development pole, and this new investment plan is key to reinforce the safety and security standards of air travel. It will continue to enhance the potential of regional and international cooperation and bring substantial benefits to the economy of the country. The investment in the Maputo airport complements the EU's efforts to promote sustainable and inclusive growth in Mozambique.

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