Malta International Airport has secured €100 million in bank financing as work on its large-scale infrastructure projects continues.
MIA chief executive officer Alan Borg said during the company’s annual general meeting on Tuesday that the bank has secured a €50 million loan repayable in five years and another €50 million repayable over a seven-year term.
The lender and loan terms were not disclosed.
“The backing of a leading local bank reflects shared confidence in our vision for Malta International Airport and its role in the future of the tourism industry. Besides leveraging our projects, this financing will allow us to preserve our liquidity to ensure that immediate financial obligations towards employees, business partners, and shareholders can continue to be met,” said CEO Alan Borg.
MIA is currently undertaking a major €345 million expansion program – its largest infrastructural project since privatisation decades ago.
The project will expand terminal facilities across a gross floor area of 26,000 m2 by 2028, introducing 32 new check-in desks, five departure gates and a crew gate alongside additional circulation, baggage sorting, and commercial space.
In parallel, works on SkyParks 2 have continued apace and MIA says it expects to hand over the building that will house the airport’s first-ever hotel to its operator in shell form by the end of 2026. The four-star hotel will be operated by Claret Group under hospitality company Accor’s Tribe brand.
