Libya deals boon for ADP
Paris, July 13, 2007
Aeroports de Paris predicted a doubling of its international revenues within three years after unveiling five new contracts worth 100 million euros.
The Paris operator, which runs Charles de Gaulle and Orly airports, said the deals included a contract to carry out studies for passenger terminals in three airports in Libya and a runway and control tower at Tripoli.
The Libyan deals are worth around half the total of 100 million euros spread across four countries, it said.
ADP has also won a contract to work on the expansion and renovation of Jeddah airport in Saudi Arbia and a separate deal to oversee the operation of the same airport's Hajj terminal.
Other deals were reported in Jordan and Tunisia.
ADP operates abroad through two subsidiaries, one focusing on infrastrstucture, ADPI, and the smaller ADPM, which offers airport management services.
With its order book containing more than two years' worth of revenues, ADPI will boost its sales to 50 million euros in 2007 from 33 million euros last year, Director General Alain Le Pajolec said. Sales are projected to reach 60 million in 2010.
Airports are expanding worldwide to keep pace with rising traffic, especially in the Gulf where ADP is involved in expansion at Dubai, growing by 20 percent a year, and Qatar.
The ADPM management unit had 2006 revenues of 12.3 million.
ADPI's competitors include US infrastracture giant Bechtel. Reuters