Manas Management Company
MIGA insured Mediocredito Centrale S.p.A. of Italy for its loan to Manas Management Company. The project involves the construction and operation of an air cargo complex and airport catering center in Bishkek. It will enable the country's only international airport to better serve incoming and outgoing air freight, and attract more international airline business. MIGA previously issued coverage to Italian Technology & Innovations S.r.l. for its equity investment in the company in fiscal 1998. In fiscal 1999 MIGA covered Mediocredito's investment in the company for $10.5 million against the risks of expropriation, transfer restriction, and war and civil disturbance.
Modern technology and special handling techniques will be used to transport perishable agricultural food items to the catering facility, greatly benefiting local food suppliers. It will also make international quality food catering available to both local and foreign airlines.