ADFD extends additional USD 40m loan to complete VIA

6 months ago

The Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million (USD 40 million) to support the upgrade of the Velana International Airport (VIA) in the Maldives. The new loan follows an earlier loan of AED 183.5 million (USD 50 million) granted in 2017 for the project’s initial phases. The new financing agreement was signed by Maldivian