12-Mar-2013 2:03 PM

Timor-Leste's Government seeking partner for Dili Airport upgrade

International Finance Corporation (IFC) announced (07-Mar-2013) Timor-Leste's Government is seeking investors for the upgrade of Dili Presidente Nicolau Lobato International Airport. The public-private partnership project includes financing, construction and operation of new terminal facilities to increase passenger capacity and improve tourism. The Government is also seeking a partner for a new port development at Tibar Bay. IFC is supporting the Government in its efforts to find a suitable partner for the projects. Timor-Leste's Minister for Transport and Communications Pedro Lay de Silva said, "This government is committed to delivering infrastructure services as outlined in our strategic development plan. With cargo volumes expected to grow at the port and more passenger arrivals projected in the next few years, both projects are promising options for investors looking to capitalise on the expected growth." [more - original PR]