Avports Closes 2024 with More Airport Development Work & Project Wins

Justin Lee

Singapore

December 22, 2024

STT

© Sunnya343 / Wikipedia

The year 2024 has seen Avports keep itself busy with airport development works, alongside additional project wins.

In March 2024, VIPorts(now SkyCity) comprised of Avports as operations and maintenance partner, Aecon as the developer and lead constructor, Tikehau Star Infra as equity partner, and J. Benton Construction as local construction partner were selected by the U.S. Virgin Islands Port Authority(VIPA) to redevelop the Cyril E. King Airport in St. Thomas and the Henry E. Rohlsen Airport in St. Croix under a collaborative Design, Build, Finance, Operate and Maintain (“DBFOM”) Public-Private Partnership model.

Under a transition phase agreement, SkyCity and VIPA will negotiate and finalize various elements of the project over a nine-month period. Upon successful completion of the transition phase, financial close is expected in the first quarter of 2025.

There was also some development at New York's Stewart International Airport.

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