Maldives Govt partially refinances Malé Velana International Airport expansion loan
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Background ✨
Maldives Airports Company Limited planned to open Malé Velana International Airport's new terminal by November 2024, with full operations expected by June 20251. The government signed an agreement with the Saudi Fund for Development for USD10 million in additional funding toward the airport's expansion, targeting a completion capacity of 7.3 million passengers annually by 20252. A 20-year masterplan outlines a comprehensive expansion, including a new domestic terminal and increased cargo capacity3.