The "Avram Iancu" International Airport in Cluj-Napoca could issue bonds through the Bucharest Stock Exchange (BVB), in order to attract the necessary funds for a series of investments that could reach as many as 20 million passengers annually.
"I had a discussion with the airport director, who, following the discussion with me, had a discussion with the director of the Bucharest Stock Exchange, Mr. Hanga. They met, I met with them, we exchanged accounting documents, in order to verify from the point of view of the creditworthiness and financial capacity of the airport what we could do. My wish would be that on the Bucharest Stock Exchange, in a transparent formula, we could attract financing from the private sector, through the stock exchange, for the airport. It would mean the most modern form of financing and transparency and it would be the first airport in Romania to resort to financing through the Bucharest Stock Exchange. It means that the airport would issue a number of bonds that the BVB could trade in the form of bonds through which the airport would borrow from the market in the form of bond issues bonds, and this money could be used by the airport without having to rely on the government or other projects. It is clear that the money will no longer come for the extension of the runway," the president of the Cluj County Council (CJ), Alin Tise told a press conference on Tuesday.
He also said that, in this way, the Cluj airport could attract 200-300 million euros for the development of infrastructure and the increase in capacity, for the diversion of the Somes and the extension of the runway.
Alin Tise believes that this method would be a successful one, especially since the Cluj County Council also carried out an operation last year to issue county bonds through the BVB, through which, in two or three days, it managed to attract almost 70 million euros from the market.
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