Schiphol Port. Photo: Shutterstock Amsterdam Airport Schiphol continues to advance its investment program to upgrade service quality and facilities. Last week, the airport issued bonds worth €500 million to finance future investments.
According to CFO Robert Carsouw, the goal of the move is to enable the implementation of the airport's large investment plan, while maintaining financial balance.
He said, "Our investments will restore Schiphol to its position among the top three airports in Europe in terms of quality. Solid and stable finances are essential."
He added that "The reality is that we’ll be consistently spending more money than we earn over the coming years. That’s why we are borrowing additional funds and continuously seeking the right balance between our operating costs, charges and investments. While we’re working hard to make progress, Schiphol must remain affordable for airlines and travellers. We are pleased that the successful bond issue contributes to this and underlines investors' confidence in Schiphol."
The current fundraising is another step in Schiphol's extensive investment plan, which includes investments of approximately €10 billion by 2035. The plan is designed to improve the quality of service and infrastructure for passengers, airlines, and ground staff.