Amsterdam Airport Schiphol (AMS) reached a loan agreement with the European Investment Bank (EIB) initially valued at €175 million ($182 million), which will partly fund the €6 billion in infrastructure projects AMS is planning over the next five years.
Royal Schiphol Group, the owner and operator of AMS, said the €175 million represents the first installment of €400 million in financing from the EIB. The financing will be used primarily to build a new baggage basement at the airport.
AMS said the baggage basement will span nearly 32,500 m² (350,000 ft.²), including more than 21,000 m² of new baggage systems.
“This is an important and necessary addition to the existing 145,000 m² of baggage systems, as large portions of them are in need of replacement,” the airport said. “The new baggage basement provides the space to replace and refurbish the existing systems, making it essential to the operational continuity of baggage handling.”
Royal Schiphol CFO Robert Crenshaw said the €6 billion in projects planned at AMS over the next five years is “the largest investment program in the airport’s history,” which requires “robust finances and healthy cash flows.” He said that “additional financial resources are necessary in order to realize the infrastructure investments ... This loan contributes to ensuring our financial foundation.”
AMS handled 66.8 million passengers in 2024, up 8% over 61.9 million passengers in 2023. The airport handled 5.2 million passengers in December 2024, up 7% year-over-year. According to the airport, 2.1 million of those December passengers were transfers.
AMS noted the UK was the airport’s most popular destination country in December, followed by Spain, Italy and the U.S.
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