May 16, 2020

Dublin Airport are to construct a new runway

Dublin Airport Authority (DAA)
Dublin Airport runway
Fingal County Council
Catherine Sturman
2 min
Dublin Airport: Getty Images
Since 2007, Dublin Airport has been granted permission to construct a new runway as a result of increasing numbers utilising the airports services and t...

Since 2007, Dublin Airport has been granted permission to construct a new runway as a result of increasing numbers utilising the airports services and to ensure continuity of service. In 2016, over 25 million passengers travelled through Dublin Airport alone, with a marked increase of over 10 percent.

The €320 million project was originally placed on hold during the recession, but has since picked up the pace. A spokesmen for the Dublin Airport Authority commented to the Irish Times that “With the Irish economy in recovery and passenger numbers at Dublin Airport at record levels, last year DAA took the decision to begin work on the development.”

Although phase one has been completed, Dublin Airport Authority (DAA) has officially requested an extension to deliver the expected works to Fingal County Council, in order to ensure the project is completed on time and within budget, to which the DAA has applied before the planning deadline expires.

The Dublin Airport Impact Economy report has stated: “A second runway at Dublin Airport is essential to enhancing the connectivity of Ireland, particularly to fast growing economies in Asia, Africa and South America. This will facilitate economic growth in the economy worth 31,200 jobs and €2.2 billion in GVA by 2043.” The 3.1km runway will create over a thousand new construction roles within Ireland and create a number of new employment opportunities within the region.

The strengthening of Dublin’s infrastructure is vital to ensure the airport can compete with global markets and provide essential connectivity and world-class services, in addition to providing an increased number of destinations to grow Ireland’s corporate and global presence. The new runway will also reduce delays and improve service operations, as the airport was the fifth largest serving airport in Europe for north American travel in 2016.

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Jun 16, 2021

France to invest €1.8bn in Egypt’s infrastructure

AFD
Infrastructure
investments
projects
2 min
France is making a €1.8bn investment into Egypt’s infrastructure with upgrades to the Cairo Metro and a railway to Sudan

France will invest a total of €1.8bn into Egypt’s infrastructure focusing specifically on upgrading the Cairo Metro, building a railway to Sudan, and developing water and energy schemes. Officials have called the investment a “major boost to bilateral cooperation”. 

The Cairo Metro

Included in the financing is a concessional government loan of around €800mn to upgrade Line 1 of the Cairo Metro, introduced in the 1980s. The financing will pay for 55 trainsets for the line and is provided by the French engineering company, Alstom.  

Line 6 is also due to be upgraded using further state-guaranteed loans worth up to €2bn. Bruno Le Maire said that this would be negotiated over the next six months. France and Egypt have worked in close cooperation ever since Abdel Fattah al-Sisi became president in 2014, despite differences over human rights and strong criticism of Egypt by rights activists and some foreign states.

Nine more projects over the next half a decade

A further €1bn from France’s development agency, Agence Française de Développement (AFD), aims to cover a range of other projects over the next half a decade. 

These projects include a railway line between Aswan, southern Egypt, and Wadi Halfa in Sudan, as well as several projects in the renewable energy and water purification industries. Bruno Le Maire, France’s Finance Minister, said Egypt was a “strategic partner and commercial dealings with it would be developed. France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans,” he said.

According to Le Maire, the AFD will also €150mn to support the construction of a universal health insurance programme. French contractors such as Vinci and Bouygues have a long history of working on the Egyptian capital’s underground system. 

Talking about the relationship between France And Egypt, Le Maire concluded: “France will substantially increase its direct exposure to Egypt, becoming the first counter-party for government to government loans”. 

Image: MEED

 

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