The total project funding is reported at US$80m—the new passenger terminal costing $50m, while the runway refurbishment was completed at a cost of $30m. China's Export-Import (EXIM) Bank financed the new terminal project through a 22-month, $49.8m concessional loan, whereas the runway refurbishment was financed by $20m from the Saudi Fund for Development, $10m from the Arab Bank for Economic Development for Africa, and $3m from the Government of Liberia. In November 2014, the European Investment Bank (EIB) agreed to provide a $27.3m loan over a period of 20 years to the Liberian government in support the rehabilitation project at the RIA. This contract was finalised in February 2015.