Air Transport Annual Report 2014

In Fiscal Year 2014 (FY14), World Bank Group's (WBG’s) Air Transport Portfolio amounted to US$1.43 billion, an increase of 5% from Fiscal Year 2013 (FY13). The Air Transport portfolio includes around 30 projects or project components through the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), as well as the International Finance Corporation’s (IFC’s) portfolio of lending and investment advisories in the aviation sector. Project highlights in 2014 include strengthening of investments in the Pacific Islands through the approval of the Samoa Aviation Investment Project, the Pacific Aviation Safety Office Reform Project, and additional financing for ongoing projects in Tuvalu and Kiribati. Other major ongoing projects include the Cairo Airport Development Project, which is being funded through a US$280 million IRBD loan and the Shangrao Sanquingshan Airport, which is being funded through a US$50 million IBRD loan. The World Bank also continues to be actively engaged in Africa, with ongoing commitments in Tanzania, Kenya, Burkina Faso, and the Democratic Republic of Congo, amongst others. The focus of these projects is primarily on safety, infrastructure rehabilitation, institutional strengthening, and capacity building. The IFC represented the highest growth segment, with a 9% increase from FY13 to US$647 million. Several new IFC commitments were made in 2014 including ASECNA in Africa, Queen Alia II in Jordan, and Zagreb Airport in Croatia. IFC Advisory Services have also been initiated in Brazil (Galeão and Confins Airports) and in Saudi Arabia (Jeddah Airport and Taif Airport) in 2014. The Multilateral Investment Guarantee Agency (MIGA) has been involved in the air transport sector in the past through the issuance of guarantees for two airport projects in Ecuador and Peru.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Edition: 10th
  • Features: Figures; Maps; Photos; Tables;
  • Pagination: 73p

Subject/Index Terms

Filing Info

  • Accession Number: 01560891
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 14 2015 5:05PM