The European Bank for Reconstruction and Development (EBRD) announced that it will participate in the development of the international airport in Bulgarian capital Sofia through an investment of up to EUR 74.3m in the airport concessionaire SOF Connect (Meridiam-99%, STRABAG-1% along with Munich Airport as an operator). The total investment consists of EUR 58m equity investment and a further EUR 16.3m contingent equity exposure. Recall that earlier this year SOF Connect received EUR 50m loan to support the airport’s transformation. The concessionaire has pledged to invest at least EUR 624m throughout the 35-year duration of the concession, including the construction of a new Terminal 3, as well as make environmental, health and safety upgrades.