Chisinau International Airport Modernization Project II

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Chisinau International AirportModernization
Project II
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PROJECT EVOLUTION
Anticipating the eventual financing,
the EBRD asked the German Company Dorsch Consult
DC Airports to perform a technical survey. In
2008, at the EBRDs request, the Dutch Company
Netherlands Airport Consultants, NACO B.V.
carried out a feasibility study, and the British
Company AEA Energy Environment carried out an
environmental audit. All the expenses
of EUR 241,000 were integrally borne by the
financing banks and the grants which had been
obtained by them. The objective of the
studies in question was to make an analysis of
the Enterprises technical, financial, economic
and procurement situation for assessing the
necessary investment programs.
In December 2008, the EBRD and the European
Investment Bank (EIB) have signed with the
Chisinau International Airport loan agreements
with total amount of Euro 47,25 million. .

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HISTORICAL OVERVIEW Within the period of
1998-2001 it has been carried out the 1st Airport
Modernization Project. The Project cost was
estimated at about USD 12 million, being jointly
financed by the European Bank for Reconstruction
and Development (EBRD) in the amount of around
USD 9 million and the Government of the Republic
of Moldova USD 3 million. The EBRD loan was due
for repayment by the end of 2011. This financing
was granted under sovereign guarantee and
completed successfully, being reimbursed four
years earlier in January 2007. In 2006, the
Airport has initiated negotiations with the EBRD
concerning the granting of a second loan for
financing the Airport infrastructure
modernization. This loan is considered to be
used on financing the runway and taxiway
rehabilitation, engineering works, aerodrome
equipment procurement as well as the extension of
the existing passenger terminal or the
construction of the second terminal. The
stringent upgrading necessity has arisen as a
result of continuously increasing passenger
traffic flow (by approximately 25 per year, in
2007 the number of the serviced passengers
doubled in comparison with the year 2003) and the
higher international standards for the modern
aircrafts service.
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• Main components of Chisinau Airport Modernization
  Project
• ? reconstruction and extension of the airside
  facilities including
• - runway
• - taxiways
• - apron
• ? refurbishment and modernisation of aviation
  ground lighting,including apron power supply and
  installation of stationary aerodrome power supply
  for aircraft electrical equipment modernisation
  of the transforming stations and modernisation
  of drainage system
• extension and reconstruction of the existing
  passenger terminal or construction of a new
  passenger terminal
• ?procurement of aerodrome equipment.

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PROJECT COSTS
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Financial Plan
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Project Schedule
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