{"id":80955,"date":"2024-09-11T00:00:00","date_gmt":"2024-09-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/11\/sfd-and-the-bahamas-sign-a-loan-agreement-for-north-eleuthera-airport-development\/"},"modified":"2024-09-11T00:00:00","modified_gmt":"2024-09-11T00:00:00","slug":"sfd-and-the-bahamas-sign-a-loan-agreement-for-north-eleuthera-airport-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/11\/sfd-and-the-bahamas-sign-a-loan-agreement-for-north-eleuthera-airport-development\/","title":{"rendered":"SFD and the Bahamas sign a loan agreement for North Eleuthera Airport development"},"content":{"rendered":"

SFD extends a development loan to the Bahamas: <\/strong>The Saudi Fund for Development (SFD) has entered into a USD 55 mn loan agreement with the Bahamas Airport Authority to fund the development of North Eleuthera Airport, according to a statement<\/a>. No timeline has been disclosed for the project. <\/p>\n

The game plan: <\/strong>The project will involve developing 4k sqm passenger terminals, boosting the airport\u2019s operational capacity from <\/span>300k to 700k<\/a> visitors annually, expanding service buildings, and integrating a backup power generator, the statement notes.<\/span><\/p>\n

About North Eleuthera Airport: <\/strong>The North Eleuthera Airport \u2014 the largest airport in the Bahamas<\/a> \u2014 is situated<\/a> 80 km east of the Nassaul capital. <\/p>\n

What they said:<\/strong> \u201cImproving airport infrastructure and ensuring their strategic development is a critical component of our National Aviation Strategic Plan,\u201d Deputy Director General of Tourism and Director of Aviation Kenneth Romer said in a statement<\/a>. \u201cIn carrying out the transport of passengers and cargo, airlines require safe, efficient and affordable airport infrastructure to sustain their operations.\u201d<\/p>\n

The Bahamas are ramping up their aviation sector: <\/strong>Construction has begun on a new airport on Cat Island and 14 more airports are slated for development across the Bahamas, Prime Minister Philip Davis said in a statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project aims to foster economic growth and trade exchange<\/p>\n","protected":false},"author":1,"featured_media":80956,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[166],"tags":[145,165,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-aviation","tag-debt-watch","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"3611b4cd-1967-4e7b-8682-6bc13ba3331c","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/874.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SFD and the Bahamas sign a loan agreement for North Eleuthera Airport development","related_issue":[80950],"teaser":"The project aims to foster economic growth and trade exchange","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.d3c8f2d3-c8d2-4aee-967f-72ffef5c0074.mp3"},"yoast_head":"\nSFD and the Bahamas sign a loan agreement for North Eleuthera Airport development - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/11\/sfd-and-the-bahamas-sign-a-loan-agreement-for-north-eleuthera-airport-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFD and the Bahamas sign a loan agreement for North Eleuthera Airport development\" \/>\n<meta property=\"og:description\" content=\"The project aims 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