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