Rwanda signs $818m deal for new in­ter­na­tional air­port

Chronicle (Zimbabwe) - - Business -

KI­GALI — Rwanda has signed a deal with the African divi­sion of Por­tuguese con­struc­tion firm Mota-Engil to build an in­ter­na­tional air­port at a cost of $818 mil­lion, the com­pany and gov­ern­ment of­fi­cials said.

They said the first phase of the air­port, which is part of a push to at­tract more tourists and boost Rwanda as a con­fer­ence des­ti­na­tion, would cost $418 mil­lion and is ex­pected to start in June next year and be com­pleted by De­cem­ber 2018.

Rwanda’s plans for the new Buge­sera In­ter­na­tional Air­port date back to 2011 when it first an­nounced it was seek­ing bids from the pri­vate sec­tor to de­sign, build, fi­nance, main­tain and op­er­ate the air­port through a 25-year con­ces­sion.

“The first phase is for 1.7 mil­lion pas­sen­gers (per year) ca­pac­ity and it gets all in­fra­struc­ture associated for $418 mil­lion,” Mota-Engil Africa Chief Ex­ec­u­tive Of­fi­cer Manuel Antonio Mota told re­porters late on Thurs­day af­ter sign­ing an agree­ment with gov­ern­ment of­fi­cials. Rwanda said in a state­ment that Mota-Engil would op­er­ate the air­port for 25 years, with an op­tion to ex­tend an­other 15 years. — Reuters

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.