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

ACI World launches the Airport Excellence (APEX) in Security programme

Airports Council International (ACI) announced the launch of the Airport Excellence (APEX) in Security programme at the 27th Airports Council International (ACI) Africa/World Annual General Assembly.

Profitability is top of the bill

The African Airlines Association (AFRAA) will hold its 49th annual general assembly (AGA) in Kigali, Rwanda on November 12-14. Victoria Moores caught up with outgoing AFRAA secretary general, Dr Elijah Chingosho, to find out what's in

EgyptAir receive its eighth B737-800 NG

EgyptAir receives eight B737-800 on Saturday, as part of a deal for nine Boeing aircraft that the airline has purchased to join its fleet.

Airports Company South Africa wins big in Airport Service Quality Awards

Airports Company South Africa and four of its airports have been honoured at the 27th Airports Council International (ACI) Airport Service Quality (ASQ) Awards, held in Port Louis, Mauritius on Tuesday evening.

Air Arabia's Egyptian unit disposes of $3.3mn of equity

Air Arabia disposed of 590,000 shares to an unspecified party/parties a filing with the Egyptian Stock Exchange (ESX) on October 11, reports ch-aviation.

Ethiopian avails free Wi-Fi connection at Addis Ababa Bole International Airport

Ethiopian Airlines Group has availed free Wi-Fi connection at its main hub, Addis Ababa Bole International Airport as of October 2017.

Aviation Africa SK18418
See us at
Aviation Africa BT18418Global Aerospace BT28218AfBAC Expo BT2017