The Nnamdi Azikiwe International Airport, NAIA, Abuja, and Mallam Aminu Kano International Airport, MAKIA, Kano, have been efficiently concessioned by the federal authorities. Special Assistant on Public Affairs to the Minister of Aviation, James Odaudu, mentioned the concessioning got here after approval from the Federal Executive Council, FEC. The Corporacion American Airport Consortium emerged as the popular bidder, which includes the Corporation American Airports, Mota Engil Africa, and Mota Engil Nigeria. The firm will make upfront funds of $7 million for NAIA and $1.5 million for MAKIA. During the concession interval, whole projected nominal revenues accruable from the mixed concession of NAIA and MAKIA exceed $4 billion, of which over 70 per cent shall be payable to the Federal Airports Authority of Nigeria, FAAN. Odaudu additional acknowledged that the concessioning of Abuja and Kano airports have been in alignment with the Aviation Roadmap, authorized by Mr. President on 18th October 2016, and signifies the Ministrys dedication in direction of revitalizing the nations aviation sector. The partnership association shall be efficient for 20 years for NAIA and 30 years for MAKIA. The assertion learn; Following a radical and complete analysis course of that commenced with the Request for Qualification (RFQ) marketed in native and worldwide media on sixteenth August 2021, and subsequent rigorous analysis of technical and monetary bids, coupled with due diligence visits performed from twenty seventh twenty ninth December 2022 and ninth tenth January 2023, the Corporacion American Airport Consortium has emerged as the popular bidder.The consortium, composed of The Corporation American Airports, Mota Engil Africa, and Mota Engil Nigeria, is globally acknowledged for its superior technical experience within the design, development, administration, and operation of infrastructure. The Corporation American Airports, a New York Stock Exchange (NYSE) listed airport operator, has presence throughout three continents, managing 53 airports in six nations and serving roughly 82.4 million passengers in 2019.The concession of NAIA and MAKIA will significantly improve the operational effectivity and profitability of those airports, repositioning them to function optimally and competitively. During the concession interval, whole projected nominal revenues accruable from the mixed Concession of NAIA and MAKIA exceed $4 billion United States Dollars. Over 70% of those projected revenues shall be payable to the Federal Airports Authority of Nigeria (FAAN), thereby producing extra income sources for the Federal Government. The put up FG concessions Abuja and Kano airports appeared first on Linda Ikeji Blog.
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