NAC Invests Funds for Airport Expansion

3 February 2011 (Last Updated February 3rd, 2011 18:30)

The Namibia Airports Company (NAC) has invested NAD$1.2bn ($167.6m) to develop airports across the nation, as part of an infrastructure upgrade programme. The Hosea Kutako International Airport (HKIA) will receive a total of NAD$ 120m ($16.7m) for the ongoing runway rehabilitation wo

The Namibia Airports Company (NAC) has invested NAD$1.2bn ($167.6m) to develop airports across the nation, as part of an infrastructure upgrade programme.

The Hosea Kutako International Airport (HKIA) will receive a total of NAD$ 120m ($16.7m) for the ongoing runway rehabilitation work at the facility, which is scheduled to be complete this month.

Of the total cost, NAD$8m ($1.1m) will be secured from the federal grant while the remaining NAD$62m ($8.6m) will be allocated by NAC.

HKIA will also receive funds, which will go towards new passenger arrivals terminal while feasibility studies to construct an office block and a NAC headquarter building is expected to be complete in six months.

The Walvis Bay Airport will receive NAD$30m ($4.1m) for the development of new passenger terminals and another NAD$7m ($977,802) for refurbishment of the old taxiway and apron, while the new NAD$9,4m ($1.3m) fire station will be operational this month.

Ondangwa Airport will receive funds for development of new passenger terminals.

Eros Airport will receive NAD$4.5m ($628,587) to upgrade the perimeter fence and security control equipment at its Northern hangers, work is expected to be complete later this year.

Lüderitz Airport will complete construction of a new fire station, while plans are underway to upgrade security access through NAD$ 11m ($1.5m).