AfDB offers Morocco €75 mln loan to develop Rabat airport
The African Development Bank granted Morocco a €75 million loan to help expand and develop Rabat airport into a regional hub.
The loan will help expand the airport and acquire new equipment that will enable it to meet international standards as it seeks a larger chunk in regional air traffic, AfDB said in a statement.
The project includes “the construction of a new terminal covering a surface area of 62,000 m and the supply and installation of equipment: boarding bridges, baggage handling systems, signaling and information systems, public-address systems, airport furnishings.”
The loan is also meant to back efforts aiming at quadrupling the passenger and freight capacity at the airport.
Once complete, the different component of this extension project will facilitate the processing of an estimated 4 million passengers expected by 2040.