The Caribbean Development Bank (CDB) has approved a loan of USD40.4 million towards a 26-month upgrade programme at Grantley Adams International Airport in Barbados.
Airport operator GAIA Inc is contributing USD17.3 million.
The CDB loan will fund repairs and upgrades to airside pavement areas and the construction of a new apron to cater for increased corporate and general aviation demand, particularly in peak seasonal periods.
The project will also replace existing runway/taxiway edge lights and apron lights with light-emitting diode (LED) fixtures to reduce energy consumption and operational costs.
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