Fiji Airports secures financing facility through ANZ Fiji and AIFFP

Fiji Airports stated (01-Aug-2021) it secured a multimillion-dollar finance facility through ANZ Fiji and the Australian Infrastructure Financing Facility For The Pacific (AIFFP). Fiji's Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum stated: "This finance facility ensures that Nadi International Airport is equipped with facilities to serve as the gateway to the new normal for the entire Pacific - connecting our region to the world and connecting Fijians to each other". The loan refinance package is a take out of an existing loan balance and provides additional capacity for approved capital works projects. Fiji Airports acting CEO Isei Tudreu stated: "The greater part of the funding facility replaces our 2014 Nadi Airport Terminal Modernisation Project loan which we have been successfully paying down over the years due to a well-structured and profitable business enterprise". Funding will assist in the substantive off gates project at the airport to provide further accommodation for larger code E aircraft (A350s) and additional Boeing 737 apron parking leading to potential increased frequency, uplift and passenger numbers. Additionally, the facility will provide for the completion of ATM Systems upgrades and the capacity to invest in and further enhance the network of outer island airports' facilities. [more - original PR]