TIRANA, Albania: Officials at Albania's Tirana Airport say they have signed a €22 million (US$34.7 million) loan with the European Bank for Reconstruction and Development to extend the passenger terminal.
Airport officials say Friday that the extension will increase passenger traffic to 1.5 million a year, a 50 percent rise.
Construction is set to start this summer and be completed by late 2009.
Last year, the operators of Mother Teresa Tirana International Airport built new passenger and cargo terminals, and improved road access.
A German-U.S. consortium took over airport operations in April 2005, on a 20-year concession.
Fourteen airlines connect Tirana directly with 30 destinations. (IHT)
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