Uganda to construct US $309m airport near Hoima and Lake AlbertNetspace
Uganda has plans to construct a US $309m airport in the oil-drilling region near Hoima and Lake Albert in north-western Uganda. Shikun & Binui’s international construction arm SBI will build the airport, which is expected to support the region’s oil industry.
“The selection of Shikun & Binui to carry out this project confirms, once again, the superb reputation that SBI enjoys in Africa. A reputation based on its proven operational capabilities, its deep understanding of the local work environment, and its commitment to comply with the most stringent international standards,” said Shikun & Binui chairman Moshe Lahmani.
The project includes the construction of 3.5km of runways, a cargo terminal, and an air traffic control tower, along with other residential and service structures.
Earthwork and drainage activities
Associated earthwork and drainage activities, the building of electro-mechanical, communications and navigation systems are included in the contract.
According to Shikun & Binui CEO Yuval Dagim, Uganda’s selection of SBI demonstrates once again the high level of trust that they have earned from their clients in Africa, their confidence in their ability to build complete complex engineering infrastructure projects with a high degree of success and efficiency.
The project will be financed by the UK Export Finance (UKEF) and a commercial bank. It is expected to be complete in three years.