European Bank for Reconstruction and Development Advisor for Chisinau Airport Modernization Project

The Challenge

The EBRD received a request from Chisinau International Airport for a loan intended to finance, amongst other tasks, the rehabilitation of the runway, aprons, ramps, engineering works and safety equipment.

InterVISTAS-NACO was asked to assess the envisaged Chisinau Airport Rehabilitation Program for the EBRD. The team delivered a detailed traffic forecast and capacity analysis, followed by a financial feasibility study, including a capital expenditure program. Lastly, a financial model was prepared.

Our Role

The team delivered a detailed traffic forecast and capacity analysis, followed by a financial feasibility study, including a capital expenditure program. Lastly, a financial model was prepared.

Results

InterVISTAS-NACO assisted the EBRD in the Republic of Moldova with the appraisal of a proposed investment program at Chisinau International Airport including reviewing the airport’s financial performance and ability to carry the requested debt. This resulted in the definition of a final investment program for which the EBRD, co-financed by the European Investment Bank, provided a loan.