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Airports

Lower interest on loan buoys Berlin Brandenburg

16 February 2017

Flughafen Berlin Brandenburg GmbH (FBB) has obtained more favourable terms on a loan to safeguard completion and medium-term expansion of Berlin Brandenburg Airport.

The EUR2.49 billion (USD2.63 billion) credit agreement was originally negotiated in July 2016, but FBB stated on 14 February 2017 that it was able to agree lower interest payments.

"We have been able to meet all requirements for dispensation of the shareholder capital, as well as the requirements of the banks, allowing us to realise the credit agreement," said Heike Fölster, FBB chief financial officer.

The loan backs up financial requirements totalling EUR2.2 billion, split equally between the municipal, state, and federal governments, and seven German banks.

Related article: Brandenburg makes progress but challenges remain says FBB

To contact the author of this article, email Ben.Vogel@ihsmarkit.com


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