According to Al-Hayat newspaper (February 25, 2002), the African Development Bank awarded a 78 million euro ($67 million) loan to the Moroccan Airports Office. The loan will finance the expansion of the King Mohammed the Fifth International Airport so that it can hold the capacity to 10 million passengers by 2010. The project consists of expanding the existing runways and building a new runway for giant planes. In addition, it includes installing new modern navigation and control technologies and equipment at the airport. The expansion project costs $150 million. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
