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Greece: EUR 180m EIB backing for new Heraklion airport

Christian Fernsby |
The European Investment Bank has agreed to provide a EUR 180 million loan to support construction of the New Heraklion International Airport on the Greek island of Crete.

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The new airport will replace the current airport serving Heraklion.

During the summer tourism season the existing airport is heavily congested and cannot handle additional passengers, at the required Optimum level of service with the most recent security standards.

This European Investment Bank loan in support for Greek aviation investment was formally agreed by Andrew McDowell, European Investment Bank Vice President, Christos Staikouras, Minister of Finance and Governor of the European Investment Bank, and Kostas Karamanlis, Minister of Infrastructure and Transport, during a visit to Athens earlier today.

The loan was signed in the presence of Adonis Georgiadis, Minister of Development and Investments, and Yannis Tsakiris, Deputy Minister of Development and Investments.

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