Dublin Airport Authority plc announces successful completion of EUR 200m European Investment Bank financing
- Aug 4, 2008
DAA press release, with EIB approval
Dublin Airport Authority plc (“DAA”) is pleased to announce that it has agreed terms for a EUR 200m loan facility with the European Investment Bank (“EIB”) which will assist the group meet its strategic objectives.
The facility, for a term of up to 20 years, was provided to finance key projects within the EUR 2bn capital programme which is designed to radically transform the passenger experience at Dublin Airport.
The signing of this facility coincides with the 20th anniversary of the DAA / EIB relationship, when back in 1988, EIB first advanced funds to DAA to help finance the existing main runway.
Commenting on the new facility, Ray Gray, Director – Finance at DAA, said “This facility provides DAA with significant long term funding on attractive terms and complements DAA’s other sources of finance. EIB is a key lender to DAA and is highly supportive of our plans to improve Dublin Airport”.