Tuesday, August 10, 2010: 12:00:18 PM

Global News

Santander and RBS Provide £45 Million Refinancing For Birmingham Airport

Birmingham International Airport is set for expansion under a £45 million credit facility from Santander and the Royal Bank of Scotland. The funds will support a proposed runway extension and expand the range of destinations which could be served from Birmingham. Currently, flights to the West Coast of the United States and the Far East cannot go directly from Birmingham because the runway is not long enough to cope with the larger aircraft.



In January, the airport started work on a £13-million project to merge its two terminals and is well into plans to extend its runway. This follows the completion of a new £46-million International Pier.

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