Background informationProject Created: February 11, 2010
Benazir Bhutto (New) Islamabad Int'l Airport
Year in Operation:
Transportation Terminal, Airport
First Greenfield airport constructed in Pakistan, named after ex-Prime Minister Benazir Bhutto. Eventual replacement for Chaklala airport. Site prep and earth work completed in April 2008. Terminal buildings, car parking, control tower, maint. hangar, 15 gate terminal, ten remote gates, hotel, convention center, shops, airside mall, etc. will complete the facility.
Delivery Method as described in the country where it's located:
Build Operate Transfer
Is the project still active:
Project is controlled by Pakistan Civil Aviation Authority. Estimated initial investment of $400 million US.
Pakistan, Islamic Republic of
Souces of Project Support (Non-monetary)
Access to Land: 3,200 acres acquired by the Pakistan Civil Aviation Authority in the 1980s. An additional 400 acres were more recently acquired for two new runways.
Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): BOT arrangement with private sector to build operate then transer the airport at end of long term lease. Terminal building designed by CPG Corporation of Singapore in a JV with National Engineering SErvices Pakistan Ltd. Airport Infrastructure designed by ADPI. Project management consultants for the new airport are Louis Berger Group of the US along with ECIL of Pakistan.
Souces of Project Support (Monetary)
From Private Capital Markets Directly to Producers as Debt: Details are not known.
From Producers as Equity: Details are not known.
Project Delivery & Finance Method
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes
Project Finance Method: All or Partially By Public Sponsor
Qualifications Based Selection
Request for Qualifications
Request for Proposals
Invitation for Bids
Term for Key Components & Forms of Contract
Combined Term: Initial Design, Construction, O&M Period