in Airports

Zimbabwe seeks Chinese funding for Harare Intl. Airport upgrade and expansion

Posted 23 March 2017 · Add Comment

Zimbabwe has approached the Chinese Import Export Bank (Exim) asking for an undisclosed loan amount to fund the planned upgrading and expansion of the Harare International Airport. By Oscar Nkala

Transport minister Jorum Gumbo confirmed to local daily paper Newsday that negotiations were underway with Exim Bank but declined to comment on the progress.

He said Zimbabwe was keen to upgrade and expand airport infrastructure, which resulted in the recent commissioning of the new Victoria Falls International Airport (VFIA).

The infrastructural expansion and upgrade works at Victoria Falls were funded from a Chinese loan of US$155 million. According to the report, negotiations for Chinese funding of the expansion of Harare International Airport began months ago and have reached the final stage.


Executives from China Exim Bank have already met with officials from the Civil Aviation Authority of Zimbabwe (CAAZ)and conducted a site assessments. The deal loan proposal now awaits approval by the Zimbabwean Ministry of Finance.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Rolls-Royce Tay 611-8 engine achieves 10 million flying hours

The Rolls-Royce Tay 611-8 engine, which entered service in 1987, recently reached 10 million flying hours in nearly five million flights.

Air Mauritius takes delivery of its first A330neo

Air Mauritius has taken delivery of its first A330-900, on lease from ALC during a ceremony held in Toulouse.

EgyptAir takes delivery of second B787-9 Dreamliner

EgyptAir’s second B787-9 Dreamliner has arrived today at Cairo International Airport. The aircraft is slated to operate flights from Cairo to Frankfurt by April 22nd.

Turkish Airlines adds Marrakech to its route network

Turkish Airlines has added Marrakech to its flight network.

Air Tanzania expands its presence in Europe

TAL Aviation and Air Tanzania Company Limited (ATCL) have agreed that TAL Aviation's European sales teams covering France, Ireland and Sweden will be acting on behalf of the carrier to build Air Tanzania's brand in these territories.

Bombardier celebrates delivery of first CRJ900 aircraft to Uganda Airlines

Bombardier Commercial Aircraft is celebrating the delivery of the first two of four CRJ900 aircraft ordered by Uganda National Airlines Company in July 2018.

Connect MEIA SK1402010519
See us at
Connect MEIA BT1402010519