Tag: airport development

Airport financing partnership between Ethiopian Airlines and African Development Bank takes off

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a signing ceremony marking the African Development Bank’s role as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion o...

Changi Airport breaks ground on 'mega' Terminal 5 gateway

Changi Airport breaks ground on ‘mega’ Terminal 5 gateway

Changi Airport today broke ground on the new Terminal 5, set to open in the mid-2030s. The "mega terminal" will be powered by "state-of-the-art" systems and automation to boost the airport's handling capacity, optimise operations and "leverage new opportunities" as air travel demand increases in ...

Bechtel to lead expansion of Saudi Arabia’s King Salman International Airport

Bechtel today signed an agreement with the King Salman International Airport Development Company to serve as the delivery partner for three new terminals at King Salman International Airport (KSIA) in Riyadh. Signed during President Trump's visit to Saudi Arabia, the agreement highlights growing ...

Western Sydney Airport on course to open in late 2026

Western Sydney Airport on course to open in late 2026

Australia’s newest airport, Western Sydney International Airport, is on track to open its doors to passengers by the end of 2026. With the construction of its roof recently completed, work on Sydney’s second hub airport can now focus on interior finishings and final touches in time for the pl...

Bahamas and Kingdom of Saudi Arabia execute loan agreement for family island airport development

The Commonwealth of The Bahamas and the Saudi Fund for Development (SFD), on Wednesday signed a $70 million loan agreement on very favourable terms as part of the strategic plan to develop a portfolio of Family Island Airports, in line with the Family Island Airport Renaissance Project. The loan ...

Ontario International Airport Authority authorizes major ground lease

The Ontario International Airport Authority (OIAA) Commission voted unanimously to authorize a Development and Entitlement Agreement that will lead to a ground lease for approximately 198 acres of surplus property at the Southern California airport. The 55-year lease will generate approximately $...

Helsinki Airport Development Programme moves forward faster than planned due to the low passenger volumes

In 2020, a total of 5 million (2019: 21.9) passengers travelled from Helsinki Airport, of which 4 million on international routes. The number of passengers at Helsinki Airport fell by a total of 77 per cent from the previous year. In spite of the COVID-19 crisis, Finavia has decided to continue Hels...

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