Tag: airport development

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...

The Red Sea Development Company to award $3bn of construction contracts

The Red Sea Development Company to award $3bn of construction contracts

The Red Sea Development Company (TRSDC), the developer behind one of the world’s most ambitious tourism development projects, has awarded the design contract for the destination’s international airport, set to serve the one million annual tourists and visitors expected by 2030. After competi...

MIA wins approval for up to $5 billion in modernisation projects

MIA wins approval for up to $5 billion in modernisation projects

The Miami-Dade County Board of County Commissioners has given the go ahead to a new capital improvement program at Miami International Airport. The move will fund up to $5 billion in airport-wide modernisation projects over the next five to 15 years, paving the way for future growth in passenger...

London Stansted Airport arrivals terminal development gathering pace

London Stansted Airport arrivals terminal development gathering pace

London Stansted Airport has appointed Mace as the main contractor for the construction of its new £150 million arrivals terminal - which will make it the only UK gateway to operate separate departures and arrivals terminals. Work on the 39,000 square metre terminal is due to start in spring 2019...

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