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28 July 2017
Rwanda concludes agreement for new Bugesera Airport
With the backing of the African Legal Support Facility, the Government of Rwanda has taken a concrete step toward becoming a transportation hub for the East African region with the signing of a concession agreement for the construction and operation of Bugesera International Airport.
Kigali is being positioned to become a nerve center for business, travel, and shipping in the sub-region.
The agreement was signed on behalf of the government of Rwanda by the minister of infrastructure, James Musoni and Manuel Mota, chief executive officer of Monta-Engil, on behalf of the developer and the engineering, procurement, and construction (EPC) contractor respectively.
Worth approximately $700 million, the Bugesera Airport project is designed to be executed across four phases. The first phase will involve approximately 27 months of construction - at an estimated cost of $400 million - and is expected to be completed by 2019, at which point the airport will be able to accommodate 1.8 million passengers annually.
Source: Bizcommunity