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EIB plots major investment in Balearic airports.

THE EUROPEAN Investment Bank (EIB) is planning to lend Spanish airport operator ENTE Publico de Aeropuertos Espanoles y Navegacion Aerea (AENA) up to Euro 400 million to help it improve Balearic islands airports. AENA has a Euro 800 million plan to upgrade Palma de Mallorca, Mahon Airport (Minorca), and Ibiza airports, enhancing capacity, safety and service standards. An EIB memorandum noted all three island airports were EU "connecting points within the [EU] airports trans-European network, making each of the three project components eligible" for loans. The plans at Majorca, for instance, would boost its capacity from 25 million passengers per year last year to 38 million passengers in 2015.
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Author:Nuthall, Keith
Publication:International News
Date:May 1, 2010
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