FINANCIAL NEWS

Egypt to build Japan-financed airport terminal in Borg El-Arab

20 Jun 2016

(MENAFN) Egyptian Holding Co. for Airports and Air Navigation (EHCAAN) aims to set up new terminal for Borg El-Arab Airport.

Moreover, the capacity of the new airport will reach 4mn passengers a year, and the firm will start building amid next July at USD150mn.

Moreover, Japan Bank for Intl’ Cooperation (JBIC) will fund the establishment of Borg El-Arab Airport’s planned terminal.

Meanwhile, the whole capacity of Borg El-Arab Airport will rise to 5.6mn passengers a year.

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