Italy To Lend Afghans USD$179 Mln To Upgrade Airport

December 19, 2011

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Italy, struggling with a debt mountain at home, will lend Afghanistan EUR€137 million (USD$179 million) to renovate and expand an airport in western province Herat, the Afghan president's office said in a statement at the weekend.

The long-term loan will be used to build a new terminal and runways at the airport in Herat, Afghanistan's third-largest city. The statement did not give any details on the terms of the loan.

Paolo Romani, the Italian economic development ministry's representative for Afghanistan and Iraq, and Afghan President Hamid Karzai agreed the loan in Kabul on Saturday.