DAA seeks to spend €300m a year on airport works
Dublin Airport will undergo major building work in the coming years, with the airport authority preparing to double its spend on construction.
DAA last week presented its 2018 to 2020 construction programme to major contracting companies, many of which are likely to bid for the lucrative contract that will be on offer.
The State company told the contractors that it is spending approximately €150m a year on capital projects but that this will double to €300m a year. It will be entitled to recover this through charges, which are set at more than €10 per passenger.
The airport has grown significantly over the last year, with a total of 29.6 million passengers travelling in 2017, up 6pc on 2016, marking the seventh consecutive year of growth.
DAA said construction projects would include terminal infrastructure, pier development, apron space, surface access development and a possible tunnel to the west apron area of the airport.
Other projects would include its Dublin Airport Central commercial development and a possible metro station. This would all take place alongside the building of the major northern parallel runway, for which tenders are due back in June of this year. A new noise insulation project would also kick off in 2018, it said.
Ongoing projects at the airport include the overlay of the main runway, a new transfer facility at Terminal 2 and a major revamp of Terminal 1.
DAA told the building companies building companies that the pipeline of upcoming capital projects had been broken into lots whereby no one project would exceed €30m in value.
The presentation also outlined how the regulatory system under which the airport operates requires planning of projects to take place up to seven years before delivery. The budget for projects is also agreed up to seven years "before execution" and "cost certainty is key". Builders will need public liability insurance worth €127m to work on airside projects at the airport.
Sunday Indo Business