The project aims to develop and expand Velana International Airport on Hulhulé Island through upgrading its facilities to keep up with the steady growth of inbound tourism. In boosting the total capacity of the airport to 7.5 million passengers per annum, the project will support the country’s tourism and transportation sectors, as well as improve the standard of living of its citizens.
The Velana International Airport Development Project includes the construction of a new 3,400-metre runway, waiting lounges for large Airbus aircrafts and a breakwater, as well as the rehabilitation of the old runway. In addition, it will increase the airport’s operating capacity to 26 aircrafts through the development of the new West Passenger Terminal and an international terminal.
Moreover, the loan covers works on phase 1 of the South Terminal, expansion of cargo loading, maintenance and storage areas by approximately 6,000 square metres, relocation of existing infrastructure outside the project area, as well as the construction of private jet facilities and a civil defence station.
The scope also involves the construction of a cargo terminal capable of handling 120,000 tonnes of air cargo per annum and a Jet A-1 fuel station with a capacity of 45,000 cubic metres.