"Contract for third terminal at Cairo airport approved"

Monday, November 1, 2004

Contract for third terminal at Cairo airport approved
United Kingdom - The Economist


The World Bank has approved a recommendation to award the contract to build
a third terminal at Cairo airport to a consortium led by Turkey's
Tepe-Akfen-Vie and the state-owned Holding Company for Roads and Bridges,
the head of the Egyptian Holding Company for Airports and Air Cargo, Ibrahim
al-Manaa announced in late October. The consortium submitted a price of
US$348m for the project, the lowest of seven offers that were opened in June
2004. The World Bank has agreed to lend US$335m to finance the Cairo project
and a scheme to expand Sharm el-Sheikh airport. Bids are now under
evaluation for the latter project. 

The Cairo terminal is scheduled for completion in 30 to 32 months from the
handover of the site at the end of 2004. The contract includes construction
of a concourse, three skyways and ancillary buildings over a total built-up
area of 164,000 sq metres. The terminal will have the capacity to handle 11m
passengers a year. The existing two terminals at Cairo airport can only
accommodate 9m passengers a year. While construction is going ahead the
government plans to switch international flights to a refurbished Terminal
1, with domestic passengers to be routed through Terminal 2. The new project
includes construction of a second cargo village that will increase freight
capacity at the airport by 135,000 tonnes/year (t/y) from about 200,000 t/y
at present.


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