Energy Capital & Power

SFD Finances Modernization of Banjul International Airport

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Image: Airport lounge photo created by 4045 –“>4045 via Freepik

The Gambia is set to implement the second phase of its modernization project at The Gambia’s Banjul International Airport using a loan secured from the Saudi Fund for Development (SFD).

The loan will facilitate the upgrade of infrastructure to allow five different airlines to be handled every three hours and to increase the number of passengers using the airport by 43% to 400,000 per year.
The project will increase the number of jobs at the airport to over 1,000 and position The Gambia as a regional air transport hub, a development that will help improve the west African country’s economy and GDP.

H.E. Eng. Yousef Al-Bassam, SFD director, said: “An airport meeting international standards is vital for the growth of trade, tourism, investments, air transport, logistics and maintaining worldwide links and SDG’s by UN.”

SFD has provided up to $169 million in loans for twelve transport, education, water and economic development projects and five grants worth $43.5 million for water and energy projects in The Gambia.

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Nicholas Nhede

Nicholas Nhede

Nicholas is an energy sector journalist with a passion on how technology and diversification of the energy mix can be used to address energy sector challenges. Nicholas holds a diploma in Journalism and Communication studies and has been covering energy-related topics including the Internet of Things, distributed energy and digitalisation since 2015.