Saudi Arabia's General Authority of Civil Aviation (GACA) announced plans to invite prequalified companies to submit development bids for phase one of Medina International Airport by the end of Jul-2010 (MEED, 26-Jul-2010). Eight of the 49 companies that applied received prequalification. The development is expected to require USD2.4 billion in investment. Phase one is expected to require USD1.5 billion and will increase the airport’s capacity from 3.5 million to 14 million passengers p/a. The development includes a new passenger terminal and renovation of the runway. There is also a provision for the construction of a second runway. The airport will be operated through a long-term concession agreement and will be the first Saudi airport project to be developed on a public-private partnership basis.
GACA to invite bids for Medina Airport development
You may also be interested in the following articles...
Global Airport Development Conference report: Trump, Brexit, pipelines and PPPs. Part 2
This report on the Global Airport Development Conference held in Lisbon on 29-Nov to 01-Dec-2016 covers the proceedings of Day 2 of the event. Part 1 was published on 5-Dec-2016: http://centreforaviation.com/analysis/global-airport-development-conference-report-trump-brexit-pipelines-and-ppps-part-1-316671
Global Airport Development Conference 2016 report: Trump, Brexit, pipelines and PPPs. Part 1
The Global Airport Development (GAD World) conference was held in Lisbon, between 29-Nov and 01-Dec-2016. This CAPA report chronicles the presentations and debates that took place on the first two days, including selected ‘stream’ sessions on both days.
There was, inevitably, a political overlay to the event, with the (Jun-2016) UK referendum on continuing membership of the European Union (‘Brexit’), the (Nov-2016) election of President Trump in the US and associated ‘uncertainty’ dominating events.
Otherwise, the concern was, as always, the ‘pipeline’ of airport privatisation details, or rather the lack of them, while the hope was for the continuation of the trend towards PPP deals.