The Saudi offer was 4 per cent lower than the bid submitted by a consortium of Pizzarottiof Italy and the local Ginza, which priced the contract at £E 430.8 million ($70 million). Orascom Construction Industries priced the contract at £E 445.8 million ($72 million), while a consortium of Turkey’s Tepe Akfen Vie (TAV)and the local Arab Contractors (Osman Ahmed Osman & Company)submitted a bid price of £E 450 million ($72 million).

The World Bank-financed project will involve construction of a new terminal at Sharm airport with a total built-up area of 43,233 square metres, including six gates for international arrivals and departures and one gate for domestic flights. Expected to be completed in December 2005, the expanded airport will be capable of handling 2,500 passengers an hour.

The project manager is Beirut-based Dar al-Handasah (Shair & Partners), which is also overseeing the estimated $350 million-400 million Cairo terminal 3 project, for which bids were submitted in late June. A contract award is imminent. TAV is the low bidder (MEED 25:6:04).

Egyptian Holding Company for Airports & Air Navigationhas invited companies to submit expressions of interest by 21 August for the contract to supervise the implementation of an environmental management plan for the two airports.

The plan was drawn up by the local ECG Engineering Consultants Group, the engineering design and construction supervision consultant on both schemes. ECG is also preparing to submit an environmental study on 15 August for the planned expansion of Borg el-Arab airport, which is expected to be financed by the Japanese government (MEED 11:6:04).

The CAA is studying at least eight bids from international companies for the operation and management of six of the country’s airports. The contracts are being offered in four packages (MEED 11:6:04).