The Dominican Republic's airport concessionaire Corporación Aeroportuaria del Este (CAE) will finish building a new runway for Punta Cana's international airport in April 2011, local paper Hoy reported.
In December 2009, the World Bank's International Finance Corporation (IFC) approved a US$20mn loan for the airport's expansion project. Another US$10mn loan was issued by local bank Banco BHD to finance the project.
The new runway will be 3,108m long, and the passenger terminal will also be expanded as part of the initiative.
The Punta Cana airport receives 50% of all the tourists that visit the Dominican Republic. In peak season, the airport receives 325 flights a week, which drops to 200 in the low season.
Passenger traffic is expected to increase by 7% at the airport during 2010, equivalent to 100,000 tourists.