Digital rendition of Ivato International Airport after the restructuring and renovations. (Photo: Ravinala Airports)
Antananarivo, Madagascar’s Ivato International Airport debuted a new terminal building as part of a public-private partnership.
The new 17,500 square meter terminal is estimated to welcome more than 1.5 million passengers per year, compared to 850,000 passengers it handled in 2016 and comes after a new concession agreement was signed for the commissioning of the infrastructure between the Malagasy authorities.
The concession contract will be effective for 28 years and will facilitate new international airlines to Madagascar. With its several new counters, the international facility is expected to reduce waiting time for passengers at the airport, thus facilitating transit formalities.
Additionally, the airport has secured health accreditation from the Airport Council International (ACI).
Before the Coronavirus health crisis began, tourism contributed 16% of Madagascar’s GDP and employed more than 800,000 people or 3% of the total population.
Commissioning of the new airport terminal will be a major boost to the country’s tourism industry — with the nation increasingly becoming a popular destination for tourists. It will also help in raising the frequency of weekly services while offering a welcoming environment that meets international standards.
In addition, the improved infrastructure will be a significant upward revaluation of the fiscal benefits for the State — projected to receive nearly 400 million euros throughout the concession.
This modernization is also part of the government’s strategy to revive the economy and accelerate tourism activity on the island.
Ravinala Airports — The concession company — is a consortium formed by Groupe ADP (35% shareholder via its subsidiary ADP Management), the Bouygues group (20%) through Bouygues Bâtiment International and Colas Madagascar, a subsidiary of the Colas Group and Meridiam (45%), have since December 23, 2016, been overseeing the operation of Madagascar’s Ivato international airport in Antananarivo and Fascene international airport in Nosy Be.
The 28-year concession agreement provides for the financing, design and construction of the new passenger terminal and the operation of the entire airport throughout the concession.
“With this new international terminal, Madagascar will have a state-of-the-art infrastructure that meets the best international airport standards. It is also a pleasant living environment, a showcase for Malagasy flora and culture. At the service of economic development, it will allow accompanying the effective recovery of the tourist activity on the island,” Thierry Déau, Founder and CEO of Meridiam, said.
Last year, a consortium led by Meridiam reached an agreement to manage Sofia Airport in Bulgaria for 35 years.
Receive a daily dose of the airline industry's top stories along with market insights right in your inbox.
World famous amongst aviation enthusiasts, Sint Maarten’s Princess Juliana International Airport (SXM) will officially open a new terminal building in…
Nuuk Airport, located in Greenland's capital city, is supposed to be opening to the world in a few months with…
On Monday, Avelo operated its last flight to Redding, Calif., one of the airline's first routes since it began flying…
