The Namibia Airports Company (NAC) says it plans to upgrade facilities at the Hosea Kutako International Airport (HKIA), with a new terminal in the works, and the envisaged extension of the apron.
The set motion follows a recent Annual General Meeting held where it was resolved to also extend the airport’s Very Important Persons (VIP)/Very Very Important Persons (VVIP) facilities at the airport to bring it up to standard, the NAC said.
The upgrades at the airport for the projects under consideration are expected to cost the NAC N$118 million, with N$100 million earmarked for the expansion of the apron, and construction of a newly planned terminal.
“The envisaged airport infrastructure developments include among others, the Hosea Kutako International Airport congestion alleviation project to extend the VIP/VVIP facilities to bring it to adequate standard in terms of facilitation and the size of the Presidential Lounge as well as parking configuration at the cost of N$18 million,” NAC CEO, Bisey /Uirab said.
The expansion of the apron and construction of the new terminal would be funded by government over a two-year period, according to the NAC.
The apron expansion at Hosea Kutako International Airport is set at a cost of N$100 million, funded by the government over a two-year period and the construction of Terminal 3 at Hosea Kutako International Airport.
Discussions are also currently ongoing with government to determine the optimal financing structure for the project and the construction of new terminal buildings at Katima Mulilo, Rundu and Lüderitz Airports.
On the revenue front, the company noted improved revenue collection of N$192 million for the 2021/2022 financial year, up from the N$76 million it collected in revenue in 2020/2021 resulting from the impact of the Covid-19 pandemic.
Financial performance was still below pre-Covid-19 levels, as deliberate cost-cutting measures were introduced, the NAC said.
