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South Africa to get airport expansion while Ethiopia set to become the next regional hub with US$4bn investment
The latest report from the International Quality and Productivity Center entitled 'State of the Market: major airport projects in Africa,' has set out the next key African airport expansions and modernisation projects over the coming years.
The most significant project with the largest investment is the New Addis Ababa International Airport. With an estimated completion date of 2024, the US$4bn project is to be completed by ADP Ingénierie. The work is a 'complete development of new airport and supporting infrastructure including four international standard runways'.
According to the State of the Market report on the new international airport, Tewodros Dawit, CEO of Ethiopian Airports Enterprise is quoted by AIN Online as saying the project is "not only a runway and terminal that we are going to build. The airport city will make Ethiopia a hub for the whole region."
The State of the Market Report also features the Cape Town International Airport terminal expansion project, South Africa. The runway rehabilitation and expansion will cost around US$540mn and is due to be completed in May 2018, funded by Airports Company South Africa (ACSA).
South Africa is looking to develop its aviation industry with these expansion plans. In addition, as African Review featured in November 2016, South African and Namibia recently signed an aviation pact to strengthen existing civil aviation relations between the two countries.