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EIB lends EUR 150 million to Finavia for phase IV of the expansion of Helsinki Airport

Christian Fernsby |
Finavia Corporation, a Finnish airport company, and the European Investment Bank (EIB) have signed a loan agreement of EUR 150 million in Helsinki.

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The financing will be used for phase IV of Helsinki Airport’s expansion plans, featuring the extension of Terminal 2 with new arrivals and departures halls, new gates, increased border control capacity, and better connections to public transport and taxi services.

The project is expected to alleviate bottlenecks in the Schengen area, as well as between the airport and the rail, bus and taxi services, thus enhancing links to public transportation.

The financing will also allow Finavia to expand the baggage handling system and passport control areas, with the objective of smoother transit of passengers and luggage.

With these interventions, Helsinki Airport’s annual capacity is expected to rise to about 30 million passengers per year.

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