Parliament approved a loan agreement for the expansion of Bole International Airport, on Thursday, April 3, 2014.
Transport Affairs, Budget & Finance Standing committees of the Parliament explained to members numbering 300 that the finance will help upgrade the standard of the Airport which is increasingly becoming congested.
The Parliament approved 72.5 million dollars loan agreement obtained from the China Import Export Bank in a bid to support the expansion of the airport. The loan, which is expected to be repaid in 13 years, was unanimously approved.
The expansion project includes the construction of a new passenger terminal as an extensions of the existing Terminal 1 (domestic and regional terminal) and terminal 2 (international terminal) with all related equipment and the construction of a new VIP passengers’ terminal.
The new terminal will house boarding areas, lounges, recreation centers, shopping malls, offices and other facilities. New boarding gates, boarding bridges, and a new parking area are parts of the expansion project. The new parking area will serve passengers and staff members. The other major component of the expansion project is the VIP terminal.
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