The Egyptian Holding Company for Airports and Air Navigation (Ehcaan) has asked firms to formally state their interest in a consultancy contract for the renovation of terminal two at Cairo International airport by 29 April.
Under the contract, the selected consultant will carry out a detailed inventory of all airport and air navigation service-related fees and taxes, along with a review and comparison of the existing fees and taxes.
The selected consultant will also have to draw up a forecast of future traffic growth at the airport and recommend fee increases, and financial projections for the next 10 years. The contract is scheduled to begin in the third quarter of 2010 and will last for seven months.
The deal will be financed by part of a loan from the Washington-headquartered World Bank, a source close to the project tells MEED. In March, the World Bank approved a $280m loan to help finance the renovation of terminal two at Cairo airport (MEED 7:3:10).
Ehcaan has also invited consultants to submit expressions of interest in a deal to develop new air traffic control infrastructure and management strategies for terminal two by 31 March. Ehcaan expects to award this contract in the second quarter of 2010.
Cairo Airport Company, which is a subsidiary of Ehcaan, is currently prequalifying firms for the construction contract on the $400m renovation of the airport.