SFD announces completion of $31mn Gambian airport development project

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SFD announces completion of $31mn Gambian airport development project
SFD announces completion of $31mn Gambian airport development project

Africa-Press – Gambia. A further $10.5mn provided to build a VVIP private lounge at the airportThe Saudi Fund for Development (SFD) has announced the successful completion of the Banjul International Airport Rehabilitation and Development Project in the West African nation of Gambia.

In a statement, SFD said that it had supplied a loan worth $31 million to fund the project, which will increase the airport’s operational capacity by 43%, enhancing trade and supporting economic growth.

In addition, it said that it has provided a further $10.5 million to build a VVIP private lounge, which will provide facilities to host official delegations and international conferences.

Dr Isatou Touray, Vice President of Gambia, lauded Saudi Arabia and the SFD for its commitment to sustainable infrastructure projects, including the development and expansion of Banjul airport, which will increase the living standards of two million people.

His comments came at a ceremony to lay the foundation stone for the new VVIP lounge. The CEO of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Marshad was also present.

“This is an important milestone in the growth and prosperity of Gambia. The Banjul airport project is an extension of the ongoing support being provided by the kingdom to the African nation, which includes 14 development loans and five grants with a total value of $215 million across transport, education, water, and economic development,” said Sultan bin Abdulrahman Al-Marshad.

“This scheme is just one of over 20 projects the SFD has supported in the air transport sector around the world at a value of $294 million, including the construction of runways, provision of engineering consultancy, and expansion of navigational services, aimed at stimulating sustainable economic and social growth,” he concluded.

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