Germany’s Deutsche Bank has won the transaction advisory contract for five public-private partnership (PPP) projects at Kuwait International airport.
Deutsche Bank will now assist the Partnerships Technical Bureau (PTB) in structuring, procuring and negotiating the transaction, which involves developing five separate projects within the development plan for the airport. The deal is due to be signed within the next two weeks.
The first package involves establishing a company to provide aircraft maintenance, repair and overhaul for local, regional and international airlines.
The second package involves establishing cargo handling services and facilities within Kuwait Cargo City and also involves the construction, management and operation of one cargo airside or landside warehouse, one cargo forwarders area warehouse and an office building.
Deutsche Bank will assist the Partnerships Technical Bureau (PTB) in…developing five separate projects
The third package covers the construction of a catering facility and services for the airlines and airline operators at the airport. The fourth package involves establishing gas and maintenance stations and the fifth package covers the construction of a five-star hotel.
The successful firm or consortium will design, build, operate, finance and maintain each package.
The PTB is working alongside the Directorate of Civil Aviation on implementing the development plan for Kuwait International airport.
The airport project is part of Kuwait’s wider (PPP) programme, which currently stretches to 32 projects worth $28bn.
Companies will be prequalified to bid on package three of Kuwait International airport by the end of March. Package three involves building a new 4.5-kilometre runway, the reconstruction and extension of the existing eastern runway to 4km, and primary and secondary access roads and taxiways.