Maastricht’s struggling airport is to have a multi-million euro upgrade as the private sector and local and provincial government prepare to invest in improving facilities, local news service 1Limburg.nl says on Friday.

Building company VolkerWessels is planning to invest €10m in building a 90-room hotel, and  a maintenance company is building a new hanger for plane maker Bombardier, 1Limburg.nl says. In addition, a private investor is putting €6m into a second new hanger.

Limburg province and local councils have also agreed to invest over €30m in improving the airport’s infrastructure plus €1.5m on renovating the passenger terminal.

In 2013, Limburg agreed to put €4.5m into the airport to stop it going bankrupt. Budget airline Ryanair also pulled out in 2014.

The airport authority hopes to be able to name the new operator around the end of the year. Three companies are in the running, the website said.