Egyptian Airports Company (EAC) plans to issue a tender for the expansion of Sharm El-Sheikh International airport.
EAC plans to expand Terminal 2 and increase its capacity by two million passengers per year, thus taking the total capacity of the airport to 9.5 million, reported Daily News Egypt, citing a source.
The Ministry of International Co-operation has signed a loan agreement worth $457m with the Islamic Development Bank (EDB) for funding the development of the airport by adding a new passenger terminal.
This also includes the construction of a new runway with a width of 60m for large aircraft and 40 new airsides.
The planned expansions would increase the airport’s capacity to 18 million passengers annually.
The government has agreed with the Islamic Development Bank (IDB) and the African Development Bank (AFDB) to finance the construction of a new terminal at Sharm El Sheikh International airport.
Daily News Egypt