This loan will be used to redevelop the airport infrastructure of Madagascar’s capital city and its major tourist destination, Nosy Be. In particular, it will be used to build a new terminal at Antananarivo Airport, resurface runways and upgrade other airport infrastructure.
This investment is part of the commitments given by Ravinala Airports – the concession holder, owned by Meridiam, Aéroports de Paris Management, Bouygues Bâtiments International and Colas – when it was awarded the concession to operate the two airports in 2015.
A key development imperative for Madagascar
Boosting airport capacity plays a key role in opening up the Island to tourism and business, the two catalysts of job creation and economic growth.
This initiative is a perfect fit with Proparco’s mission to partner strategic private sector projects that will drive sustainable growth in Africa. It also sends out a strong positive message that private sector investment has returned to Madagascar for large-scale, capital-intensive projects.