Fiji Airports says the $106 million financing facility negotiated with ANZ in conjunction and with the support of the Australian Infrastructure Financing Facility for the Pacific has no foreign exchange exposure.
Chairman, Geoffrey Shaw says additionally, this facility has been undertaken without the need or request for a Fijian Government guarantee.
Shaw further says ANZ has provided the substantive portion of loan funds with the balance funded by the Australian Infrastructure Financing Facility for the Pacific, in addition to providing ANZ with a support guarantee.
He adds this loan facility refinances their existing Nadi Airport Terminal Modernisation Project infrastructure loan balance that they have been routinely paying down since inception and the remaining finance is an infrastructure facility available for their approved capital works projects.
Shaw says the entire facility provides the financial stability and security to sustain their business currently and to future proof their trading ramp up to the return of normal revenue generation. He stresses that Fiji Airports has independently and exclusively secured this finance as a stand-alone commercial facility.
Shaw adds the loan facility provides certainty for the future well-being of Fiji Airports as a major contributor to the Fijian economy.
