Royal Schiphol Group N.V.
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Publicatie datum
29 jul 2010 - 13:32
Statutaire naam
Royal Schiphol Group N.V.
Titel
EIB to provide EUR 350m for Schiphol’s innovative baggage system programme
Bericht
Today Schiphol Group will sign a EUR 350 million loan agreement with the European Investment Bank to finance the continued upgrading and expansion of the baggage handling system at Amsterdam Airport Schiphol, an investment programme that Schiphol started in 2004 and that is expected to be completed by 2013. The new baggage system will allow Schiphol Group to maintain and improve its hub operation. It will facilitate airlines in an optimal use of Amsterdam Airport Schiphol, especially where passenger transfer flights are concerned. The baggage system will increase baggage handling capacity and will improve processing time and quality. As a hub operation can only be developed together with airlines, the investment programme involved and involves intensive collaboration between KLM Group and various domestic and international suppliers.
Pieter Verboom, Member of the Management Board and CFO of Schiphol Group said “This finance agreement with the European Investment Bank is advantageous and important in the light of ongoing large infrastructure investment programmes at Amsterdam Airport Schiphol. We are delighted that our excellent experience and relationship with the EIB financing our fifth major runway “de Polderbaan” will now be continued with the financing of investments in our baggage systems – the 70 Million Bags programme. Since 2004, we have made significant investments in order to expand the capacity and improve the quality of our baggage systems and we will continue with this in coming years. Our achievements so far have resulted in one of the best and most innovative baggage systems in the airport sector and this has contributed enormously to strengthen our Mainport function”.
Simon Brooks, European Investment Bank Vice President, commented as follows: “The European Investment Bank recognises the value of this long-term investment to improve the efficiency of one of Europe’s leading transport hubs. The state of the art baggage system will improve passenge
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