29 Jul '10 | Far East | Transport, logistics; Finance, business

VEB to give $29.8m on Vladivostok airport reconstruction

VEB to give $29.8m on Vladivostok airport reconstruction

State corporation Vnesheconombank (VEB) has announced plans to invest $29.8m in reconstruction of Vladivostok airport, the bank reports.

The loan terms have yet to be disclosed.

Earlier the bank put in $14.6m in the airport’s capital and loaned another $19.9m on its reconstruction.

The airport reconstruction is scheduled to be completed before the APEC Summit, to be held in Vladivostok in 2012. As a result of reconstruction, the airport will be able to accept all types of large aircrafts, except for Airbus-380.

Vladivostok Airport’s shareholders are Moscow’s Sheremetyevo Airport and Vnesheconombank.

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