|Approval Date||15 Apr 2015|
|Signature Date||29 May 2015|
|Planned Completion Date||31 Dec 2019|
|Last Disbursement Planned Date||31 Dec 2019|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||21050|
Sharm El-Sheikh Airport Development project consists of the development of a new terminal building, a new runway, a new control tower and associated airfield, ancillary and electrical works, within the current boundaries of Sharm El-Sheikh Airport in Egypt. The project will increase capacity of the airport by an additional 10 million passengers per year (mpax) and 34 operations/hour, giving a total capacity of 18 mpax and 68 operations/hour. It will remove a potential bottleneck in the movement of travellers, including tourists into and out of Sharm El-Sheikh city, which yields large foreign currency revenues for the country. The project will be implemented over 44 months, and is estimated to cost around USD 671.3 million (excluding tax). It comprises the following components: i) construction of a new terminal building, with all its associated facilities; ii) construction of airfield works, including a new 3,600 m runway, taxiway system, aprons, service roads, and ancillary buildings; iii) construction of a control tower with all associated facilities and systems; iv) installation of electrical and navigation systems; v) developing supporting infrastructure; vi) project Supervision and management, including consulting services; vii) establishing an Airports Centre of Excellence.
The purpose of the project is to develop a new terminal, runway and control tower at Sharm El-Sheikh International Airport.
The direct beneficiaries of the project are the Egyptian economy, the Egyptian Airports Company (EAC), the private sector in the tourism, aviation and services industries, travellers using the airport, airline operators, Egypt’s labor force, and the Egyptian economy at large.
African Development Bank
Middle Income Countries Fund
Egyptian Airports Company
|Last Update||27 Sep 2020|
|27.97729 34.39495||Sharm el-Sheikh International Airport|