9 Mar '10
The International Financial Corporation (IFC) board will hold a meeting on April 15 to consider lending, in cooperation with other banks, a total of about $250m to St. Pete’s Pulkovo airport to be upgraded, IFC said.
The overall cost of the upgrade project is a reported $1.8bn.
As was reported earlier, the EBRD is also considering a loan worth $150m.
The Pulkovo upgrade project calls for construction of a new passenger terminal for international flights with a throughput capacity of up to 7.4 million people a year, with the possibility of increasing it to 22 million by 2025.
Construction is reportedly expected to begin later this year and be completed in 2013.