BRD and BCR grant EUR 100 million loan for Otopeni airport expansion

A banking consortium made up of Banca Comerciala Romana BCR and BRD – Groupe Societe Generale is granting a EUR 100 loan to the operator of the Henri –Coanda Otopeni airport to finance the third phase of the airport’s development and expansion phase. The overall value of the airport’s modernization project is of EUR 150 million. Each of the two banks is putting up EUR 50 million. The credit is granted on a 10 year period.

The airport modernization project is related to Romania’s commitment to join the Schengen area and implement Schengen standards in the airport field. One of the aims of the project is to increase the operating capacity to 6 million passengers per year, while increasing the quality of the airport services.