NEW ‘OIL AIRPORT‘ CLOSER TO REALITY
(Posted 07th February 2018)
Shikun & Binui Ltd. of Israel yesterday announced that it has secured a new contract to build an airport in Uganda.The project, worth at current estimates some 310 million US Dollars, is upon completion supposed to cater for traffic to Uganda’s oil production area and close to the proposed refinery near the town of Hoima.
It is understood that construction time has been given as three years but no added information could be obtained if all pre-requisite approvals and formalities like an Environmental and Social Impact Assessment has been carried out at this stage and accepted by NEMA, short for the National Environmental Management Authority.
The project scope will include a full range of airport buildings including a dedicated cargo area and a 3.5 kilometre long runway, potentially enabling aircraft diverted from landing in Entebbe – Uganda’s main aviation gateway – to land there instead of diverting to more distant alternate airports.
Financing appears to have been secured through the UK government and a development bank.
The Shikun & Binui Group is a global construction and infrastructure company that operates in Israel and internationally in seven segments: 1) infrastructure and construction contracting outside of Israel; 2) infrastructure and construction contracting within Israel; 3) real estate development within Israel; 4) real estate development outside of Israel; 5) renewable energy;and 6) concessions. The Group’s activities focus on large, highly complex projects carried out for entities in private and public sectors with a focus on sustainability.