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. Last Updated: 07/27/2016

Prague Airport Loan

PRAGUE () -- The Czech Airport Authority and a consortium of Czech banks have signed a 10-year, 4.25 billion crown ($163 million) loan to finance construction of a new terminal at Prague's international airport, a consortium statement said Thursday.

The Czech government will provide a state guarantee for the loan, which is being lead managed by Investicni a Postovni Banka, and includes Komercni Banka, Ceska Sporitelna and Ceskoslovenska Obchodni Banka, the statement said.