Spain: EIB And Aena Sign €160M Loan To Upgrade Palma De Mallorca Airport’s Passenger Terminal

Coming under the EIB’s Transport Lending Policy, the project is considered to be a strategic element of the DORA II plan for airport regulation in Spain.

Passenger terminal upgrades under the financed project will include optimised commercial and passenger management areas, improvements to terminal facilities such as electricity, air conditioning and technical services, investments in security and upgrades to the baggage management system and to fire and rescue detection and response systems and equipment.

The operation is considered important for its contribution to cohesion in the European Union, as the funds will be fully invested in the Balearic Islands cohesion region. It also involves an airport that is part of the trans-European transport network (TEN-T), making it a project of common interest for the EU. Cohesion regions have a per capita income that is below the EU average. Promoting social and economic cohesion, helping to reduce regional inequalities, and encouraging investment in less developed areas are among the EIB’s cross-cutting objectives, for which more than €5 billion were allocated to Spain in 2023 alone.