Construction News

Fri April 16 2021

Related Information

Egypt gets funding for US$671m Sharm El-Sheikh airport expansion

16 Apr 15 The African Development Bank Group has approved a US$140m (£95m) loan towards the expansion of Egypt’s Sharm El-Sheikh airport.

The US$671m (£454m) project is includes construction of a new terminal, runway and control tower. It is expected to provide additional capacity for 10 million passengers per year, bringing the total capacity to 18 million annually.

Sharm El-Sheikh airport has been Egypt’s fastest-growing facility and is Africa’s third-busiest airport, with an average of 10% annual growth rate in traffic over the past decade. The total number of passengers using the airport reached 8.2 million in 2010, which is above its design capacity.

The expansion project is expected to take 44 months.

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »