Ravinala Airports has started construction works for a new concession at Ivato International Airport and renovation at Fascene Airport in Madagascar.
UK-based design and engineering consultancy services firm Mott MacDonald is serving as the lenders’ technical advisor on the scheme.
The public-private partnership concession comprises a new 17,500m² international terminal at Ivato International Airport in Antananarivo, Madagascar. It will be capable of handling 1.5 million travellers per year.
Additionally, the airport’s existing terminal will be modernised to handle growing domestic traffic. To support the increased movement of aircrafts, the runway will be strengthened and resurfaced.
Fascene Airport in Nosy Bé will have its runway and existing terminal building revamped to support increasing passenger numbers.
During the scheme’s financing stage, Mott MacDonald offered technical, environmental and social due diligence, which included creating a capital investment plan and taking up environmental assessments.
The consultancy firm also delivered important contracts that helped form the structure of the transfer of risks and contingency measures.
At present, Mott MacDonald is monitoring construction at the airports.
Mott MacDonald project director Adria Canals-Macia said: “This concession is a major opportunity for the Malagasy government to foster economic growth in the country, particularly by supporting a growing tourism industry.”
Construction works at Ivato Airport and Fascene Airport are scheduled to be finished in early 2020 and form part of a 28-year concession period.