The construction is expected to kick off in June 2017, according to the agreement signed between Rwanda’s Aviation Travel and Logistics Holdings Limited (ATL) and Manuel Mota, the chief executive of the Portuguese firm.
The contractor, expected to complete construction in December 2018, has also been given 25 year operation license upon completion.
Mota said the firm will invest 418 million U.S. dollars, with the airport expected to have capacity of about 1.7 million passengers annually after the first phase.
The overall capacity will be expanded to 4.5 million passengers annually after the initial phase with additional funding of 400 U.S. dollars, according to Mota.
Rwanda’s Finance minister Claver Gatete said that the deal was sealed under Public Private Partnership, where the contractor will recoup its investment over the 25 year period.
The Portuguese had also worked on expansion of the Kigali International Airport. Enditem
Source: Xinhua/News Ghana