Airport privatization is not new, but is becoming increasingly dedicated. Watch ADB SAFEGATE`s Vice President for Africa – Alexander Herring – in an interview about the current situation in aviation with Mrs. Ramatou Magagi, Principal Investment Officer, PPP Advisory Services, Transport / Aviation Sector at International Finance Corporation (IFC), World Bank Group Washington, DC.
For many airports, a lack of financing, specifically due to less revenue in the current health crisis situation, is often the bottle neck for expansion projects.
Increasingly, airports rely on financing institutions and investors who are carefully evaluating the request for financing based on a business plan and a feasibility study, and watching the business results of the airport activity closely.
The private sector is increasingly investing in airport assets leading to a tendency for private public partnerships. Also airports are less and less ministry or authority department driven, but becoming self-running corporates with structure and processes as in the private sector. So, airport corporatization or privatization is not new, but is becoming increasingly dedicated.
ADB SAFEGATE provides integrated solutions that raise efficiency, improve safety, boost environmental sustainability and reduce operational costs for airports, airlines and ANSPs. The company works with airports and airlines to solve operational bottlenecks from approach to departure. Solutions encompass airfield lighting, tower-based traffic control systems, intelligent docking automation and services, as well as applying advanced IT and analytics to deliver industry-leading Total Airport Management. For more information about ADB SAFEGATE, please visit our website at adbsafegate.com.