NIB finances new terminal at Bergen airport in Norway

Visualisation: Avinor AS

NIB and the Norwegian airport operating company Avinor AS have signed a loan agreement with a maturity of 20 years and totalling NOK 1,000 million (EUR 111 million), to finance a new passenger terminal at Flesland airport near Bergen in western Norway.

The new terminal, T3, will help reduce the constraints on airport capacity in order to accommodate the continuously growing passenger turnover. In the past ten years, this turnover has grown by 6% every year and reached the airport’s maximum capacity—6 million people—two years ago.

T3 will add six gates equipped with jet bridges and expand the airport’s surface area almost fourfold, to 85,000 square metres, increasing the annual capacity to 10 million people. The new terminal will be designated for domestic air traffic, while the existing building will be primarily used for international passengers. Construction work began in June 2014 and is expected to be completed by the end of summer 2017.

“The NIB loan is aimed at alleviating the pressure that increasing air traffic is placing on the airport infrastructure in one of the fastest growing regions in Norway. We believe that air transport is a critical asset to business, and connectivity is a key factor for competitiveness”, says Henrik Normann, NIB President & CEO.

Flesland airport is the main hub for air traffic in the counties of Hordaland and Sogn og Fjordane in western Norway with a population of 600,000 people.

Established in 2003, the state-owned company Avinor operates a network of 46 airports in Norway. Its operations include air traffic control and technical infrastructure for aircraft navigation.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Mr Tore Emanuelsson, Senior Manager Origination, at +358 10 618 0244, mixIt(‘tor’,’e.emanuelsson’,’nib.in’,’t’,”,’1522845482391-0′);tore.emanuelsson (at) nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296, mixIt(‘dimitrijs.alehin’,’s’,’nib.i’,’nt’,”,’1522845482391-1′);dimitrijs.alehins (at) nib.int