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Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract
An Arabtec Holding consortium that includes Greek and Turkish firms is on the cusp of securing an estimated $3 billion contract for the expansion of Abu Dhabi's international airport, four industry sources told Reuters.
April 25, 2012 2:52 by kippreport
An Arabtec Holding consortium that includes Greek and Turkish firms is on the cusp of securing an estimated $3 billion contract for the expansion of Abu Dhabi’s international airport, four industry sources told Reuters.
The group, which includes Turkey’s TAV Insaat and Athens-based Consolidated Contractors Company (CCC), have pipped three rival consortia for the lucrative contract to build a midfield terminal building.
An Abu Dhabi-based source aware of the deal said the TAV-Arabtec group had been chosen but that final details still needed to be hammered out. Meanwhile, a source in the consortium said the group “had gotten positive signals but no official information had been sent.”
“They have the lowest bid … it’s likely they will win it,” said a third source, who was involved in the bidding process, speaking on condition of anonymity.
TAV declined to comment. Arabtec and CCC officials in the United Arab Emirates were not immediately available for comment.
An ADAC spokesman said an announcement would be made only once the tender is finalized.
Abu Dhabi Airports Company (ADAC) wants to expand its airport facilities to back the growth of Abu Dhabi-based carrier Etihad Airways and compete with passenger growth in neighbouring emirate Dubai, home to Emirates airline.
The other three shortlisted groups were Bechtel Corporation-ENKA-Al Jaber Group, Hyundai Engineering & Construction-Kumho Engineering & Construction-China State Construction Engineering Corporation-Al Shafar General Contracting Company and Samsung-ACC-Six Construct.
(Additional reporting by Stanley Carvalho in Abu Dhabi and Asli Kandemir in Istanbul; Editing by Amran Abocar)