Ivato International Airport (TNR) in Madagascar has inaugurated a new terminal, which has been built as part of a public-private partnership (PPP).
This comes after a new concession agreement was signed for the commissioning of the infrastructure between the Malagasy authorities.
The concession contract will be effective for 28 years.
Méridiam, Bouygues Bâtiments International, Colas and ADP (Aéroports de Paris) have jointly invested over $226.77m (€200m) during the construction phase.
This development is projected to provide around $453.54m (€400m) in tax benefits for the Malagasy government.
The new 17,500m² terminal will facilitate new international airlines to Madagascar.
With several new counters, the international facility is expected to reduce waiting time for passengers at the airport.
In addition, it has secured health accreditation from the Airport Council International (ACI) 4.
With this new terminal, the airport’s annual capacity has improved to handle over 1.5 million travellers.
It will also help in raising the frequency of weekly services while offering ‘a welcoming environment that meets international standards.’
Meridiam founder and CEO Thierry Déau said: “With this new international terminal, Madagascar will have a state-of-the-art infrastructure that meets the best international airport standards. It is also a pleasant living environment, a showcase for Malagasy flora and culture. At the service of economic development, it will allow accompanying the effective recovery of the tourist activity on the island.”
Last year, a consortium led by Meridiam reached an agreement to manage Sofia Airport (SOF) for 35 years.