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.