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Tue August 04 2020

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Iceland gets funding towards €100m airport expansion

18 Dec 14 Iceland’s state-owned airport operating company Isavia has signed a loan agreement of €32m (£25m) towards the expansion of Keflavik International Airport.

Isavia is expanding the airport
Isavia is expanding the airport

The funding from Nordic Investment Bank will be used towards increasing the capacity of Iceland’s main international airport, which serves the country’s capital Reykjavik. Investments include expanding the arrival and check-in areas, aircraft parking stands, runways and navigation systems for the airfield. The total amount of investments planned for 2014–2016 is €100m.

“Keflavik Airport has seen a steady growth of passengers in recent years. The NIB-financed investment programme will help accommodate the increased demand for services and open the Icelandic sky to more competition between airlines,” said Henrik Normann, NIB president and CEO.

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