The International Finance Corporation, the private sector arm of the World Bank Group, and Export Development Canada announced they are providing US$100 million in long-term financing to Aerodom to support a US$265 million investment program to build and upgrade airports under Aerodom?s management. According to IFC, the funds will be used to renovate and expand existing terminal buildings, runways, and aircraft parking areas, construct new terminals, install new security, baggage handling and other equipment, as well as complete construction of the Samana International Airport midway between Nagua and Samana at El Catey.
The construction of the new Samana Airport in particular, is expected to help attract investment to the area and support the development of a new and attractive tourist destination, according to the IFC release announcing the funding.