UNB to finance $238m Abu Dhabi airport works
Abu Dhabi, April 17, 2014
UAE-based Union National Bank is set to finance the PCE Joint Venture for the mechanical works for Abu Dhabi International Airport – Midfield Terminal Building.
The JV comprises of Power Transmission Gulf (40 per cent), China State Construction Engineering Corporation (30 per cent), and Emirates Falcon Electro Mechanical (30 per cent) for the recently awarded Dh878 million ($238.9 million) project, said a statement.
The ‘Midfield Terminal’ is being developed by Abu Dhabi Airports Company and is designed to achieve a minimum Two Pearl Rating, following the Urban Planning Council's Estidama approach towards sustainable design, it said.
The project is scheduled to open in 2017.
It has a total construction area of 700,000 sq m and the mechanical installation is expected to be completed in 35 months.
The Building Information Modeling will be used across the entire design and construction processes combined with high design standards. - TradeArabia News Service