Shikun & Binui have secured a contract to build an airport in Uganda, located in the rural area of the oil-drilling region near Hoima and Lake Albert in the northwest of the country.
The construction phase of the project to support the development of the region’s oil industry, and is expected to last for three years, with the total paid to Shikun & Binui’s international construction arm, SBI, estimated to reach $309 million.
The project will be financed by the British government’s UK Export Finance agency and a commercial bank, and the Ugandan government intends to use the facility as the country’s second international airport.
It will include the paving of 3.5 kilometres of runways, carrying out earthwork and drainage activities, the pouring of asphalt and cement, the building of electro-mechanical, communications and navigation systems, and the construction of a cargo terminal, an air traffic control tower and additional residential and service structures.
Shikun & Binui chairman, Moshe Lahmani says: “The selection of Shikun & Binui to carry out this project confirms, once again, the superb reputation that SBI enjoys in Africa – 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.
“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. Every project like this that we secure is a ‘fact on the ground’ that demonstrates the success of our efforts.”
Shikun & Binui chief executive officer, Yuval Dagim adds: “Uganda’s selection of SBI demonstrates once again the high level of trust that we have earned from our clients in Africa – their confidence in our ability to build complete complex engineering infrastructure projects with a high degree of success and efficiency.
“This project adds to the long list of projects that we have carried out in the past – and that we will continue to carry out in the future – to improve the infrastructure of developing countries.”
