Aviation: Gambian airport development project gets additional $10.5 million key Saudi funding to increase capacity in West Africa

Gambian

The Gambian airport development project has received additional $10.5 million loan to increase the airport’s capacity in the sub region.

According to ttnworldwide.com , the Saudi Fund for Development (SFD) recently celebrated the successful completion of the Banjul International Airport Rehabilitation and Development Project in the West African nation of Gambia.

The SFD had supplied a loan worth $31 million to fund the project which will increase the airport’s operational capacity by 43%, enhancing trade and supporting economic growth.

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In addition, it has provided a further $10.5 million loan to build a VVIP airport lounge which will provide facilities to host official delegations and international conferences.

The foundation stone for the new VVIP lounge was laid during the official inauguration ceremony by the Gambia Vice President Dr Isatou Touray and the CEO of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Marshad.

Gambia Vice President Dr Isatou Touray lauded Saudi Arabia and the SFD for its commitment to sustainable infrastructure projects, including the development and expansion of Banjul airport, which will increase the living standards of two million people.

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Speaking at the official inauguration ceremony, CEO Sultan bin Abdul Rahman Al Marshad said: “This is an important milestone in the growth and prosperity of Gambia. The Banjul airport project is an extension of the ongoing support being provided by the kingdom to the African nation, which includes 14 development loans and five grants with a total value of $215 million across transport, education, water, and economic development.

“This scheme is just one of over 20 projects the SFD has supported in the air transport sector around the world at a value of $294 million, including the construction of runways, provision of engineering consultancy, and expansion of navigational services, aimed at stimulating sustainable economic and social growth,” he added.

 

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