Advertisement

Egypt to invite bidders for greenfield airport project

19 June 2017
The Egyptian government will invite companies to bid for the greenfield Ras Sudr Airport project in South Sinai governorate next month, a senior government official has said.

“Companies will be invited to submit their bids in July for the airport and associated 6-million-square-metre tourism complex,” Tourism Development Authority CEO Serag El Din Saad told Thomson Reuters Projects.

He said the project is expected to be awarded in the first quarter of 2018, and would be developed under the Build-Operate-Transfer (BOT) model with a concession period of 30 years.

In December 2015, the government allocated 7,681 feddans (7,972 acres) to the project through a presidential decree.

The project cost has been estimated at $127.7 million, according to a December 2015 report by Thomson Reuters Projects.

Advertisement
The city of Ras Sidr located 200 km from Cairo is known for its 95-km beach coastline and is being developed as a tourist destination.

© Zawya Projects News 2017

Advertisement

Most Popular

In the last 24 hours

Advertisement
Advertisement