Showing posts with label Banjul International Airport. Show all posts
Showing posts with label Banjul International Airport. Show all posts

28 February, 2020

The Gambia will increase capacity at Banjul International Airport to 400,000 passengers a year - thanks to Saudi development fund.

The Saudi Fund for Development (SFD) recently signed an agreement with the Republic of The Gambia to provide a loan to finance the second phase of a development project at the capital’s Banjul International Airport. The improved facilities will see jobs increase to over 1000. The number of passengers will increase by 43%, reaching 400,000 per year.

The increase in capacity will allow five different airlines to be handled every three hours. The result of the expansion means Banjul is set to become a regional air transport hub. The modernization and upgrading are expected to contribute to the overall growth of The Gambia’s national GDP, impacting the lives of The Gambia’s 2 million population either directly or indirectly.

The SFD’s loan agreement is part of its ongoing effort to enhance economic stability and prosperity in The Gambia. The SFD has previously provided loans totaling USD 169 million for 12 projects including transport, education, water and economic development and 5 grants worth USD 43.5 million towards projects in the water and energy sectors.

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