Transportation: IFC International put forward three options on Baghdad International Airport
Economy News – Baghdad
The Ministry of Transport announced on Saturday that the study presented by the International Finance Corporation (IFC), on Baghdad International Airport, includes three options.
The ministry said, in a statement, seen by “Economy News”, that “the IFC Finance Corporation presented a (investment) brochure, which includes a proposal to develop and qualify Baghdad International Airport and offer it as an investment opportunity for specialized international companies.”
She added that “the institution proposed, during the meeting, three options: the first, the rehabilitation of the current airport, the second is the construction of a new airport, and the third included the integration of the first and second options, which the government went towards.”
She stressed that “it is planning to refer the airport project to investment at the end of this year,” noting that “the IFC will help the Iraqi government in selecting the best international companies to implement the project.”
She pointed out that “the General Company for Airports Management and Air Navigation is a partner in the process of rehabilitating the airport’s infrastructure.”
She pointed out that “the technical and economic feasibility of qualifying the airport aims to absorb the annual increase in the number of passengers witnessed by the airport, which recently reached 15.7%, as the number of passengers reached 3.4 million passengers in 2024, and it is hoped that this percentage will increase to the highest level in the coming years, which in turn will contribute to lifting the European ban on Iraqi aviation.
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The statement revealed, “plans (lFC), which include the construction of a new passenger lounge that accommodates the expected increase in air traffic until 2036, so that the capacity of Baghdad International Airport will be 8.5 to 9 million passengers annually.”
https://economy-news.net/content.php?id=44119
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