airport deal

Ghana – Accra (Kotaka)

Operator // Ghana Airports Company Limited (GACL)

Overview

Overview

In mid-Mar. 2019, leaked Cabinet memo was published which indicated that the gov’t was considering the concession of Kotaka Airport to TAV Airport Holding Company Limited (TAV), under a terminal management contract, with the concessionaire taking responsibility for day-to-day operations and management as well as capital investment and infrastructure development. Local union interests have voiced opposition to any potential privatization of the airport and the gov’t has been quick to play down media reports. GACL has consistently posted profits since 2011, depite financial challenges experienced during the early years of the company’s operations. Debt servicing from the newly built USD250 million T3 Terminal projects, partly funded by the African Development Bank, continues to put financial strain on GACL. Terminal 3 was designed to handle 5m passengers per year, with expansion potential of up to 6.5 million passengers.

3,019,100
N/A

Movements

N/A

Cargo (tonnes)

Included Airports

Airports

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Ghana

1 airport

Transaction Stage

Stage

Deal has been archived

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Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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