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Bulgaria: EIB provides €40 million for modernisation of Sofia International Airport

Christian Fernsby |
The European Investment Bank (EIB) and SOF Connect AD, a special purpose vehicle that is majority-owned by Meridiam, have signed a €40 million loan agreement for the modernisation of Sofia International Airport.

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The financing is supported by the European Commission’s Connecting Europe Facility (CEF).

The EIB financing will support infrastructure modernisation and the upgrade of regulatory, safety and security components to the latest standards. In addition, the project will improve the efficiency of airport facilities, including energy efficiency components, and ensure state-of-the-art environmental protection.

Sofia International Airport belongs to the core Trans-European Transport Network (TEN-T) in a cohesion region. It is among the busiest airports in the Balkans and one of the largest in Central and Eastern Europe, with passenger numbers doubling between 2013 and 2019. The Republic of Bulgaria has awarded a 35-year concession for the development, upgrade, maintenance, management and operation of the airport.

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