Five banks bidding on Algerian airport project
Algeria’s seemingly never-ending airport project is on the go again, and five European banks are reportedly bidding to finance the venture. The five include Germany’s Deutsche Bank, Britain’s Sterling Merchant Bank, and France’s BNP-Paribas, Societe Generale, and Caisse de Depot et de Consignation.
Work on the new airport started in 1986, but it has been dogged by a lack of funding and has virtually been frozen over the past year.
Passengers flying into Algiers these days arrive at the Houari Boumediène International Airport, located 20 kilometers east of the Algerian capital. It is the home base of the national carrier Air Algérie, and is also serving Air France, Alitalia, Balkan, Egyptair, Jamahirya Libyan Arab Airlines, Royal Air Maroc, Saudia, Syrian Arab Airlines and Tunis Air. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)