Cypriot airport revamp
The Hermes Airport consortium, led by French construction group Bouygues, is starting work next month to rebuild and expand the Larnaca and Paphos airports in Cyprus in a 622-million-euro deal, Communications Minister Haris Thrassou said yesterday. “The agreement foresees construction of new, modern airports and their administration for a period of 25 years,” he stated. The project will be financed exclusively by Hermes. (AFP)
BOUYGUES CONSTRUCTION BEGINS WORK ON THE CYPRUS AIRPORTS FOR A TOTAL CONTRACT OF 491 MILLION EUROS
Bouygues Bâtiment International, a subsidiary of Bouygues Construction, began construction today on two Cyprus airports on behalf of the Hermes Airports concession (1), after project financing was completed on 12 May 2006.
Bouygues Bâtiment International was awarded the 491 million euro contract to design and build two airports at Paphos and Larnaka to replace the existing, outdated facilities. The Larnaka and Paphos terminals will have surface areas of 100,000 m2 and 20,000 m2, respectively. The contract also includes 80 hectares of exterior developments. Civil engineering and structural work will be subcontracted to local Cyprus-based partners (Iacouvou and Charilaos Apostolides Public Ltd). Bouygues Bâtiment International will deliver the turnkey facilities, including all of the amenities necessary for operation, from baggage sorting systems to security gates, aircraft boarding bridges, passenger information systems and check-in facilities. The construction site will employ over a 2,000 workers during peak periods.
The number of travellers to Cyprus has increased constantly since the country joined the European Union. The combined capacity of the two airports will eventually reach over 10 million passengers, up from 6.5 million today. The new Paphos terminal, to be delivered in November 2008, will handle nearly 3 million travellers a year, while the Larnaka airport, planned for November 2009, will handle 7.5 million passengers.
The first concession agreement in this country, the 25-year contract was signed in early July 2005 by the Hermes Airports consortium, in which Bouygues Bâtiment International is the main shareholder. The contract took effect with the completion of project financing, which arranged financing for a total investment of about 640 million euros. As part of the consortium, Vancouver Airport Services, Egis Projects and the Nice-Côte d’Azur Chamber of Commerce and Industry will contribute their expertise in airport management. Cyprus Trading Corporation and Aer Rianta International will manage duty-free retailing.