Published On: Wed, Oct 3rd, 2018

Aruba Airport Authority secures USD276m loan for Gateway 2030 expansion project

Aruba AirportORANJESTAD - Aruba Airport Authority  closed (02-Oct-2018) lending documents for its AWG495 million (USD276.5 million) funding facility. AWG236.4 million (USD132 million) of the loan is denominated in Aruban Florins (AWG) and the rest in USD. The group of 12 lenders included Aruba Bank, Algemeen Pensioen Fonds van Curacao, Caribbean International Banking Corporation, Caribbean Mercantile Bank, FATUM, MetaFund, Panamerican Life Insurance, Royal Bank of Canada, Stichting Bedrijfspensioen Aruba, Stichting Fondo di Pensioen di Trahadornan di Empresanan y Fundacionnan Publico, and Stichting Pension Fund Tourism Sector Aruba. All will participate in the construction bridge loan period of five years and thereafter either in 10 year or 15 year term loans. AAA CEO James Fazio stated: "We are extremely proud of having reached this milestone within the Gateway 2030 expansion project"

 

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