BRD and BCR to lend EUR 100 mln for Otopeni airport expansion

The Bucharest National Airports Company has contracted a EUR 100 loan from BRD Groupe Societe Generale and BCR, to finance the third development and modernizing phase of the Otopeni airport in the Romanian capital city. The two lenders have been chosen in an open bid. A new terminal within the Otopeni airport is expected to become functional in March this year. Investments in the airport’s new terminal amount to EUR 60 million and construction works are executed by Italian company Astaldi. The airport's capacity is expected to reach 6 million passengers in 2012. The airport reshuffle was meant to help Romania comply with the Schengen area accession criteria, but Romania's entry in the Schengen area has been delayed. The country had previously been expected to become a Schengen member by March this year. editor@romania-insider.com