Perth Airport owner and operator Westralia Airports has agreed to new debt facilities of A$740 million ($644 million), and its shareholders have committed to further funding of A$142 million.
"The new financing will be used to refinance existing bank debt facilities and to fund the airport's substantial capital expenditure programme," says Westralia.
Eight banks from Australia, Europe and Asia are providing the debt funding, it says.
"These funds will underpin our investment in a new domestic terminal, and expansion of our existing international terminal, as well as many other projects that will further improve customer service at Perth Airport," says Perth Airport CEO Brad Geatches.
At the existing domestic terminal, the plan also foresees new aerobridges, expanded departures, and new retail outlets. As for the international terminal, areas that will be expanded include check-in, departures, bag reclaim, quarantine, and five new aircraft parking positions.
Source: Air Transport Intelligence news