Amsterdam Schiphol has secured €500 million in funding for its ongoing work to improve the quality of the airport.
The Netherlands hub has successfully issued €500 million in bonds, which Schiphol said would contribute to its “financial robustness and to improving quality for travellers, airlines and employees”.
The airport has already announced an investment programme of €10 billion, which is designed to deliver improvements over the next 10 years. Schiphol said the bond issue was an “important milestone” in enabling the implementation of this programme.
Schiphol’s CFO Robert Carsouw added: “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.
“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.”
Schiphol’s investment programme includes the construction of a new Terminal South, as well as renovation and sustainability improvements to existing piers. The much-delayed new Pier A is due to be opened in spring 2027 followed by the renovation of several other piers in the following years.
The airport also plans to renovate facilities and lounges for passengers, and improve road and rail access to the airport, including a new metro line between Amsterdam, Schiphol and Hoofddorp.