Another contract is awarded at Al-Maktoum International airport as development accelerates
A joint venture of US-based Lane and Sharjah-based National Contracting & Transportation Company (NCTC) has been awarded a $125m infrastructure contract for work at Al-Maktoum International airport.
The work involves building and installing temporary fences and gates, utilities and site offices, as well as site security. The 31-month contract is scheduled to start in January 2017.
The contract is the latest airport construction deal secured by Lane and NCTC in the UAE. In 2013 the $99m Southern Airfield runway rehabilitation at Abu Dhabi International airport was to a consortium of the two companies and the local Drake & Scull International.
Lane was acquired by Italys Salini Impregilo in late 2015.
Also in late 2015, Italian export credit agency Sace signed a memorandum of understanding (MoU) with Dubai Aviation City Corporation (DACC) to provide 1bn ($1.14bn) of credit for the Dubai South development which includes Al-Maktoum International airport. It is not clear if Sace has supported Lanes bid.
Other funding sources for the project are being developed. On 1 November, the Dubai government said it is aiming to raise an initial finance package of $3bn to fund its airport expansion plans. Dubai Department of Finance, Investment Corporation of Dubai (ICD) and Dubai Aviation City Corporation (DACC) will coordinate to raise finance jointly.
For construction, work is gathering pace on the airport expansion. Over the summer, the local Tristar was awarded the contract to complete the enabling works, which covers earthmoving works for the entire 36-square-kilometre site.
Dubai Aviation Engineering Projects (DAEP) is the project owner. For consultants, Lebanons Dar al-Handasah (Shair & Partners) has been appointed for the design and supervision of the passenger terminal building and other landside areas.
The overall expansion project involves building new terminal facilities, concourses, runways, roads and tunnels. Once completed, the expanded airport is expected to accommodate more than 220 million passengers a year, making it the worlds largest in terms of size and passenger capacity by 2050.
The planned construction work includes the new terminal building, six nodes or concourses connected to the terminal by people-movers, and new runways.
An expansion to the existing terminal at the airport is also under way.
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