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Add to Preferred SourcesKfW IPEX-Bank is participating in the financing to expand and modernise Helsinki Airport, some 17 km north of Finland’s capital. The total investment volume adds up to approx. EUR 1 billion, with KfW IPEX-Bank providing a loan of EUR 95 million.
Helsinki Airport has been continually expanded since 2014. In phase 4, which is now starting, the existing terminal 2 building will be modernised and expanded. Measures include, among others, increasing the check-in capacities and security controls as well as optimising baggage reclaim.
A multi-modal travel centre will also be established to better connect the airport with other types of transport, especially public transport. The entire project is slated for completion by 2022.
“Financing airports as central mobility hubs for entire regions is part of our core business,” explained Andreas Ufer, member of the Management Board of KfW IPEX-Bank responsible for the infrastructure sector. “In joining this financing, we intend to boost the growth and innovation potential of Helsinki Airport. Yet there is considerable potential in other markets in the region, too – we see ourselves as a problem-solver and financier specialised in infrastructure, also for northern Europe.”
With this financing, KfW IPEX-Bank is positioning itself as an infrastructure financier in the European market while at the same time contributing to environmental and climate protection.
Original source: KfW
Published on 05 June 2019