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Airport development Archives - Regional Gateway

Long Beach Airport unveils new ticketing lobby and baggage inspection facility

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Situated in California, Long Beach Airport has unveiled its new ticketing lobby and checked baggage inspection system (CBIS). The two projects are part of a wider $110m Terminal Area Improvement Programme to make strategic pre-security enhancements at the regional hub.

Mayor Robert Garcia explained that the new facilities will provide an even better experience for passengers. “These two projects reflect a $52m investment in our airport’s infrastructure, funded from airport revenue and federal grant funding.”

Designed by Corgan and constructed by Swinerton, the ticketing lobby, which officially opened on 4 May, complements the adjacent historic terminal and builds on the airport’s status as a first-class gateway to Southern California. Features of the 16,700-sq.ft facility include common use ticket counters and self-service kiosks, non-porous, anti-microbial surfaces, ample space for improved passenger circulation, improved baggage checking and optimised energy performance, LED lighting and reduced indoor and outdoor water usage.

Meanwhile, the state-of-the-art CBIS facility, which is connected to the ticketing lobby, allows the Transportation and Security Administration (TSA) to more efficiently screen checked baggage. It replaces what was originally designed to be an interim facility after 9/11.

These two latest projects are the first two components of Phase II of the Terminal Area Improvement Programme. A baggage claim facility is currently under construction and is expected to be complete before the end of 2022. Phase I of the Terminal Improvement Programme was completed in 2012 and included a passenger concourse featuring modern design, local eateries and an innovative outdoor design with a spacious post-security garden.

Commenting on the latest development projects for the nearly 100-year-old air transport hub, Airport Director, Cynthia Guidry said:”I am honoured to now contribute significant modernisation projects to the airport’s rich aviation history. This renews the passenger experience and positions Long Beach Airport for the future.”

The airport’s historic terminal building is also due to undergo major renovations.

May 10, 2022

Adani Airports raises $250m for development projects

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Adani Airports, which develops and manages airports across India, including Ahmedabad, Lucknow, Mangaluru, Mumbai, Guwahati, Jaipur and Thiruvananthapuram, has raised $250m in funding for capital expenditure and the development of six airports in its portfolio.

The funding was secured through a three-year ECB facility from two international banks, with an option to raise an additional $200m. The financing structure will enable a scalable capital solution with flexibility to tap global capital markets in line with Adani Airports’ vision of providing a transformational airport infrastructure platform.

“We are focused on delivering high quality infrastructure access to our consumers both through physical and digital channels,” said a spokesperson for Adani Airports. “The first phase of our capital management plan is now set in motion with the funding of Adani Airports, Mumbai Airport Limited and Navi Mumbai International Airport Limited, and we will now focus on scaling up the airports business into one of the largest airport platforms globally. We are grateful to our stakeholders and consumers for their continued support and their confidence in us.”

Adani Airports recently concluded the Mumbai International Airport Limited (MIAL) $750m private placement to Apollo and $1.74bn closure of Navi Mumbai International Airport Limited (NMIAL).

Adani Airports’ airport portfolio is responsible for 50% of the top 10 domestic routes in India, 23% of the total Indian air traffic and 30% of India’s air cargo. The group handles around 200m customers per annum.

Header image: Lucknow Airport
May 10, 2022

Gloucestershire Airport’s flagship commercial development nears completion

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UK-based Gloucestershire Airport’s flagship commercial development, CGX Connect, has reached a critical delivery milestone with access to the site now complete and the ability to proceed with future development unlocked.

Once complete the development will provide around 30,000 sq.m. of flexible floor space in  a prime location for businesses operating in the logistics and industry sectors, while also potentially creating up to 1,500 employment opportunities. £1.885 in Growth Deal funding was supplied by GFirst LEP to support the infrastructural work needed to deliver CGX Connect.

Karen Taylor, Managing Director for Gloucestershire Airport commented: “These are exciting times for Gloucestershire Airport and CGX Connect. We’ve already seen strong interest in CGX Connect from businesses in Gloucestershire and the West Country, as well as those with national operations.

“Now that there’s vehicular access to the site, we expect things to move quickly. Before now no one could access the site to build. This access road will unlock future development and brings us one step closer to realising a landmark development with the potential to unlock so much growth for the region.”

She added, that these are transformational times for the airport. “CGX Connect, along with ongoing work to upgrade the airport’s runways, will elevate the quality and status of the airport as a ‘gateway for growth’ for the many significant developments being brought forward across the region.”

Alongside CGX Connect, work to upgrade the airport’s runways is well underway  and due to complete this summer. The airport’s crosswind runway has already reopened. Work is currently ongoing to resurface the main runway, install new lighting, upgrade signage and drainage, and install below ground infrastructure.

May 4, 2022

Munich Airport takes over operations of Sofia Airport

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Alongside a consortium ‘SOF Connect’ comprising the Frnech investor Meridiam and the Austrian developer Strabag, Munich Airport has taken over the full responsibility and business activities related to the operation of Bulgaria’s Sofia Airport.

SOF Connect is committed to investing at least €624 million over the life of the concession and plans to build a brand new terminal for the airport within the first 10 years of the concession.

“Our mission is to transform Sofia Airport into a top modern and competitive European airport and to make Sofia Airport an engine and impetus for social, economic, environmental and inclusive growth for Sofia, its region and Bulgaria,” said Dr. Ralf Gaffal, Managing Director of Munich Airport International.

Marcus Spahn, Chief Commercial Officer SOF Connect on behalf of Munich Airport added: “We have a clear vision for the commercial developmetn of Sofia Airport. Our team will be introducing best-in-class shopping and dining concepts and is excited to work with local partners to bring the best of Bulgaria and downtown Sofia to the airport.”

April 21, 2021