ADB Grants ‘USD 150 Million’ Loan to Nepal to Improve TIA, Gautam Buddha Airport!

As the Nepali Government grappling with improving airport facilities in the country, the Asian Development Bank (ADB) has come forward to help.

The ADB has approved a concessional loan worth USD 150 million (approximately NPR 17.85 billion) to the Nepali Government for the improvement of Tribhuvan International Airport (TIA) and Gautam Buddha Airport (GBA).

According to the statement by the ADB, the loan will support:

• Construction of a parallel taxiway extension and hangar aprons at TIA
• Construction of a new international terminal building at GBA to increase capacity
• Installation of solar panels and energy-efficient lighting at the new GBA terminal building

“ADB’s support will improve the TIA’s safety, capacity, and operational efficiency. Besides, the new GBA international terminal will play a key role in boosting regional tourism in and around Lumbini,” said Kai Wei Yeo, ADB Senior Transport Specialist for South Asia.

“The project will help revive the country’s tourism industry and address the long-term negative effects of the COVID-19 pandemic,” he added.

Tribhuvan International Airport in Kathmandu is the only international airport and a major hub for domestic air transport in the country.

Also Read | Kathmandu: Nepal’s City of Glory!

The Gautam Buddha Airport in Lumbini is currently being upgraded to serve as an alternate international airport in the country. It is scheduled to begin in March 2021.

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