Rs 17.70 billion loan assistance to upgrade capacity of international airport

Aircraft of Nepal Airlines Corporation parked at Tribhuvan International Airport.

Kathmandu: The Asian Development Bank (ADB) has agreed to provide a concessional loan of Rs 17.70 billion to the Government of Nepal to increase the capacity of Tribhuvan International Airport and Gautam Buddha International Airport.

The bank agreed to provide the amount to Nepal as a soft loan on Friday, according to the bank’s head office in Manila. The loan has been sanctioned for construction of parallel ‘Taxi Way’ and ‘Hanger Apron’ at Tribhuvan Airport and construction of ‘Terminal’ building at Gautam Buddha Airport as well as increase its capacity, the bank said.

The bank hopes that the alternative regional international airport under construction in Bhairahawa will help in the promotion of religious tourism in Nepal and help the tourism industry, which has been crippled by the Covid-19, in the aftermath of the epidemic.

Similarly, after the completion of the project, the existing security arrangements of Tribhuvan Airport will be strengthened and its effective operation and service delivery capacity will be further improved, the bank said.