The Nnamdi Azikiwe International Airport, NAIA, Abuja, and Mallam Aminu Kano International Airport, MAKIA, Kano, have been successfully concessioned by the federal government. Special Assistant on Public Affairs to the Minister of Aviation, James Odaudu, said the concessioning came after approval from the Federal Executive Council, FEC. The Corporacion American Airport Consortium emerged as the preferred bidder, which comprises the Corporation American Airports, Mota Engil Africa, and Mota Engil Nigeria. The company will make upfront payments of $7 million for NAIA and $1.5 million for MAKIA. During the concession period, total projected nominal revenues accruable from the combined concession of NAIA and MAKIA exceed $4 billion, of which over 70 per cent will be payable to the Federal Airports Authority of Nigeria, FAAN. Odaudu further stated that the concessioning of Abuja and Kano airports were in alignment with the Aviation Roadmap, approved by Mr. President on 18th October 2016, and signifies the Ministrys commitment towards revitalizing the nations aviation sector. The partnership arrangement will be effective for 20 years for NAIA and 30 years for MAKIA. The statement read; Following a thorough and comprehensive evaluation process that commenced with the Request for Qualification (RFQ) advertised in local and international media on 16th August 2021, and subsequent rigorous evaluation of technical and financial bids, coupled with due diligence visits conducted from 27th 29th December 2022 and 9th 10th January 2023, the Corporacion American Airport Consortium has emerged as the preferred bidder.The consortium, composed of The Corporation American Airports, Mota Engil Africa, and Mota Engil Nigeria, is globally recognized for its superior technical expertise in the design, construction, management, and operation of infrastructure. The Corporation American Airports, a New York Stock Exchange (NYSE) listed airport operator, has presence across three continents, managing 53 airports in six countries and serving approximately 82.4 million passengers in 2019.The concession of NAIA and MAKIA will considerably enhance the operational efficiency and profitability of these airports, repositioning them to operate optimally and competitively. During the concession period, total projected nominal revenues accruable from the combined Concession of NAIA and MAKIA exceed $4 billion United States Dollars. Over 70% of these projected revenues will be payable to the Federal Airports Authority of Nigeria (FAAN), thereby generating additional revenue sources for the Federal Government. The post FG concessions Abuja and Kano airports appeared first on Linda Ikeji Blog.