12-Nov-2013 2:13 PM

KFAED to provide funds for new international airport in Burkina Faso

Burkina Faso's Government and Kuwait Fund for Arab Economic Development (KFAED) signed (11-Nov-2013) a 26-year loan agreement under which the fund will lend KWD5.8 million (USD20.4 million) to help finance construction of a new international airport at Donsin, north of Ouagadougou. The airport will feature a 3500m runway and 20,000sqm passenger terminal. The total cost of the project is estimated at XOF267.8 billion (USD547 million). The Government plans to reach international concession agreements for the management of the airport. [more - original PR]