Global construction firm Shikun & Binui has been awarded a new $309mn contract to build a new airport in Uganda, financed by the UK Export Finance (UKEF) and commercial bank.
The project is expected to take approximately three years to complete, with the airport to be primarily used to support the region’s blossoming oil industry.
“The selection of Shikun & Binui to carry out this project confirms, once again, the superb reputation that SBI enjoys in Africa,” said Shikun & Binui Chairman Moshe Lahmani. “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.”
It will be located in a rural area in north-western Uganda near Hoima and Lake Albert - a key oil drilling region within the country.
Work will include the deployment of 3.5km of runways, earthworks and drainage systems; the installation of necessary communications and navigation systems; and the construction of a cargo terminal and an air traffic tower, amongst other structures.
“For the past several years, we have been pursuing the twin goals of expanding our activities in the countries in which we currently do business, while also penetrating into high-potential new markets,” Lahmani continues. “Every project like this that we secure is a 'fact on the ground' that demonstrates the success of our efforts.”