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AENA signs a long-term loan of 400 million euros

Adriana Duran 06/04/2014

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AENA signs a long-term loan of 400 million euros

The vice-president of the European Investment Bank (EIB), Román Escolano, and the president of Aena, Jaime García-Legaz, have signed a financing agreement at the Aena headquarters whereby the EIB grants the company a loan of 400 million euros with a maturity of up to 20 years.

This financing line will be available for use by Aena during the next two years, and would be used to finance up to 50% of the security investments in the renewal of inspection equipment. These investments, which are foreseen in the framework of the DORA (Airport Regulation Document) 2017-2021, aim to improve security processes by incorporating new technologies and inspection equipment at airports to apply the new guidelines established by European regulations in this area. matter. In this way, Aena airports will also be able to optimize passenger, baggage and cargo inspection procedures.

This agreement, signed last Friday by representatives of both entities, has the support of the European Fund for Strategic Investments (FEIE, EFSI for its acronym in English), the central pillar of the Investment Plan for Europe, known as "Plan Juncker.

The support of the Investment Plan for Europe has enabled the EIB to provide this funding to Aena in the long term. Thanks to the Juncker Plan guarantee, the EIB facilitates financing under advantageous conditions to support investments that, due to their structure or nature, contribute to increasing economic growth and employment.

The European Investment Bank is the main lender of Aena. The relationship between both entities is permanent and as such, Aena shares its long-term investment plans with the EIB.