Ibrahim Nasir International Airport - FILE Photo: PSM News
The Government on Tuesday signed a loan agreement with the Kuwait Fund for Arabic Development to finance the development of a new terminal at Ibrahim Nasir International Airport.
Under the agreement, Kuwait Fund for Arabic Development will provide a loan of US$50 million for the terminal development, which is part of the INIA expansion project.
The loan has a payback period of 20 years.
The total cost of INIA development project is around US$800 million.
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