Aviation infrastructure/system financing
The rapid growth of air traffic will place increased pressure on existing aviation infrastructure. ICAO has therefore been working with Member States on the funding and financing of the development of quality aviation infrastructure, especially through the ICAO World Aviation Forum (IWAF), a platform that brings together States’ policymakers, development partners, and investment and financial institutions. The objective of ICAO is to encourage and promote diversified funding and financing sources, through the elevation of the role of the private sector, as well as the effective use of domestic resources and international development funding, to develop and modernize a quality aviation infrastructure/system commensurate with the level of predicted traffic growth and based on ICAO’s Global Plans.
