This is the research you can search on internet. Project: Abu Dhabi Internationa
ID: 349966 • Letter: T
Question
This is the research you can search on internet.
Project: Abu Dhabi International Midfield Airport
1. How the project is structured - What are the requirements in terms of security design agreements
2. Discuss the sources of financing for the project
3. How the valuation of the project was done -Analyze using cash flow and investment appraisal system
4. What are the major risks involved .Discuss both macro economic and commercial risks involved in project
References:
https://www.designbuild-network.com/projects/midfield-terminal-complex-at-abu-dhabi-international-airport/
https://www.protenders.com/companies/chadwick-technology-design/projects/abu-dhabi-international-airport-midfield-terminal-building
http://www.adac.ae/english/media/Annual%20Report%202016%20-%20English_tcm8-24798.pdf
https://www.hillintl.com/en/transportation/airports/abu-dhabi-international-airport-midfield-terminal-complex
https://www.slideshare.net/JakubGrzegorzMalanow/aviationcapabilitystatement2015ss301115-61862156
http://www.turnerandtownsend.com/en/projects/abu-dhabi-airport-company-midfield-terminal-complex/
https://www.thenational.ae/business/new-milestone-for-midfield-terminal-building-in-abu-dhabi-as-removal-of-roof-supports-begins-1.14695
Explanation / Answer
Abu Dhabi International Midfield Airport
The MTC has been designed to reduce walking distances while increasing aircraft parking capacity. After extensive studies, an X-shaped building was considered as the best solution to achieve this objective.
The terminal building will be 630,000m² (6.7 million ft²) to 702,369m² (7.5 million ft²) in size, and 52m tall its highest point.
Instead of columns, the MTC will use long span leaning arches, which render an open and airy feel. The roof of the terminal curves downward at various points to protect from the sun.
The building is designed in such a way that it is visible from 1,500m away. The design also includes space for future expansion. The terminal can be expanded to handle around 50 million passengers annually.
Construction and materials used for the midfield terminal complex
The terminal’s construction is expected to take four years to complete. Site preparation and foundation works were finished in 2010 and 2011, while construction commenced in August 2012.
About 69,000t of steel, over 680,000m3 of concrete, 360,000m² of suspended ceilings and 325,000m² of natural stone flooring are expected to be required for the construction of the terminal. An additional 135,000t of rebar and 500,000m² of cladding will also be required.
MTB contractors
A joint venture of TAV, CCC and Arabtec has been awarded a $2.94bn contract in June 2012 for the construction of the new terminal at Abu Dhabi international airport.
Hill International and AECOM have been appointed as the construction managers for the project under an $85m contract. ECG provided geotechnical and design services for the project. Parsons was responsible for preparing the environmental and sustainability requirements of the terminal.
Financing
The project is being funded through a loan of Dh4 billion (US$1.08bn) from a consortium of banks including Al Hilal Bank, Mashreq Bank, Union National Bank, First Gulf Bank and Arab Bank.
One of the greatest challenges on the programme is its complexity. It’s not just a construction scheme, it’s a complex systems integration delivery project that happens to sit inside a huge building. The most vital skill for the core team is the ability to handle the vast amount of data and interfaces amongst the programmes. Our proactive input throughout supports the delivery team in achieving the Abu Dhabi Airports objective of creating a state of the art terminal at Abu Dhabi International Airport.
Our initial core services focused on estimating, enterprise level risk management and enterprise level schedule management.
However the complexity of the programme has required us to expand our services to also include:
What are the major risks involved .Discuss both macro economic and commercial risks involved in project
Abu Dhabi International Airport is one of the fastest growing airports in the world, with growth rates of 19.7% over the last five years, spurred by the rapid growth of its hub airline, Etihad Airways, and the increasing attraction of Abu Dhabi as a destination for business and leisure. Growth over the next 20 years is forecasted to be robust, and additional facilities are required to accommodate the traffic demand.
The 700,000-square-meter terminal building is one of the most crucial projects to be undertaken in Abu Dhabi and the UAE and will initially handle 27-30 million passengers per year. The receipt of tenders represents a key milestone for the Emirate in its drive to develop a world-class air transportation hub.
Commenting on the tenders, Chairman of ADAC, H.E. Khalifa Al Mazrouei said, " ADAC’s commitment continues as it strives to sustain growth in passenger numbers by constantly planning major developments and improvements across the airports’ infrastructure, facilities and services.”
Following commencement of extensive site preparation and foundation works in 2010, construction of the Midfield terminal building is planned to commence during the 2nd quarter of 2012 to become the future home of Etihad Airways, the national airline of the UAE, and the primary gateway to the Emirate.
The six pre-qualified contractors through joint ventures are:
• Al Habtoor - Murray & Roberts - Hochtief JV
• Bechtel – ENKA - Al Jaber Group JV
• Hyundai Engineering & Construction Co. Ltd -Kumho Industrial Co.- China State - Al Shafar JV
• Larsen Toubro – NPC-Joannou & Paraskevaides (Overseas) Ltd JV
• Samsung- ACC – Six Construct JV
• TAV - CCC - ATC JV
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