PROJECT DESCRIPTION

Proposed by the Minister of Public Works and Transportation, the expansion of the Beirut airport project was approved as a potential PPP project by the HCP, under the chairmanship of the President of the Council of Ministers, in February 2018.

The key project components are as follows:

  • The development of a new terminal for 6,000,000 passengers and its concourse.
  • Some improvements to existing airport infrastructure (the aprons, taxiways etc.)
  • Some improvements to the access roads.
  • Develop non-aeronautical revenues for the financial sustainability of the project.

In order to assess the feasibility of the project on a PPP basis, the HCP has retained the following advisory team:

  • IFC as lead transaction advisor
  • ICF SH&E, Inc. / SETS as technical advisors
  • DLA Piper Vienna / Badri and Salim Meouchi as legal advisors

The Project Steering Committee is chaired by Mr. Ziad Hayek, HCP Secretary General, and include Mr. Ibrahim Abou-Aleiwe, representing the Minister of Works and Transportation. The Minister of Finance’s representative has not been appointed yet.

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