The loan is guaranteed by the UK Export Finance (UKEF) agency.
The British subsidiary of QGMI, an internationally operating Spanish construction company, is serving as the contractor.
KfW IPEX-Bank said in a statement: “The Ghanaian government and the IMF have described this project as one of the most important in the country in terms of Ghana’s industrialisation.
“With this financing, KfW IPEX-Bank is supporting sustainable development in Africa and at the same time contributing to strengthening the European export economy.”
Commissioned by the Ghanaian government, the project will include the construction of a multi-purpose terminal.
Upon completion, the 5,000m² passenger terminal will have an annual capacity of 660,000 passengers.
Tamale Airport’s new terminal is intended to facilitate the export of agricultural products such as shea butter, cashew nuts, and mangoes.
Source: Ghana web