PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

554077

Primary Business Area

Infrastructure

Disclosure Date

Aug 6, 2009

Country

Saudi Arabia

Region

Middle East

IFC Approval Date

May 26, 2009

Status

Completed

Estimated Total Budget

$5,645,539.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

May 1, 2009

Project Description

The project provides advisory services to GACA (General Authority of Civil Aviation) in implementing a public-private partnership (PPP) transaction for improvements to Madinah Airport. The project works with GACA to build a new terminal, expand and rehabilitate existing infrastructure facilities, create economic activity by bringing in private sector investment, improve employment opportunities, and upgrade the quality of services. GACA's objectives are to: 1) develop Madinah as an international airport, particularly to promote it as an entry/exit hub for religious pilgrims; 2) rehabilitate airport infrastructure to handle projected traffic volumes; 3) improve operations and service quality standards in line with international best practices by capitalizing on the private sector efficiencies; 4) avoid the capital and operating costs of the airport's rehabilitation and expansion by implementing a long-term PPP agreement between GACA and a private investor; and 5) eliminate or reduce the budgetary support to the airport by using the private sector.