29 Jul '10
State corporation Vnesheconombank (VEB) has announced plans to invest $29.8m in reconstruction of Vladivostok airport, the bank reports.
The loan terms have yet to be disclosed.
Earlier the bank put in $14.6m in the airport’s capital and loaned another $19.9m on its reconstruction.
The airport reconstruction is scheduled to be completed before the APEC Summit, to be held in Vladivostok in 2012. As a result of reconstruction, the airport will be able to accept all types of large aircrafts, except for Airbus-380.
Vladivostok Airport’s shareholders are Moscow’s Sheremetyevo Airport and Vnesheconombank.