The European Bank for Reconstruction and Development (EBRD) has purchased an indirect equity stake in Airport International Group (AIG), the concessionaire operating Queen Alia International Airport (QAIA), as part of its widespread support of infrastructure private-public partnership (PPP) projects in Jordan.
The Bank is committing up to €30.5m (US$35m) to AIG through acquisition of an indirect stake in Meridiam Eastern Europe Investments 2 SAS (Meridiam), which acquired 32% of AIG last year.
With its participation in the project, the EBRD is helping to strengthen the resilience of the Jordanian economy by supporting the development of PPP markets and the capital markets of the country. It aims to be a catalyst that will attract more investment capital into PPP projects and support the development of a secondary market for PPPs in order to attract institutional investors.
Jordan became an EBRD shareholder in 2012 and, to date, the bank has committed more than €1.3bn (US$1.5bn) across 43 projects in various sectors of the economy.
Interested in airport investment? Don’t miss the ‘Innovative Airport Investment‘ panel discussion at the Passenger Terminal Conference, which takes place during Passenger Terminal Expo, on March 26, 27 and 28, 2019, in London.
