The construction of a new airport terminal in Ghana is set to commence after Ghana Airports Company Limited (GACL) secured a loan of US$250million to undertake the construction of a new terminal to be known as Terminal 3, at the Kotoka International Airport.
After completion the new airport terminal in Ghana is expected to cater for increasing number of passenger at the airport given that airline servicing the port facilities have also increased. Apart from the new airport terminal in Ghana, the project also involves the construction of the runway, taxi ways, and the aprons. Ground lights, underground fuel lines and runway lights will also be installed.
According to Charles Asare, the GACL Managing Director, the project funds have been secured from a consortium of banks led by the Ecobank Capital. However, the company has as well set aside special fund specifically for the airport infrastructure upgrade. This includes the 70% of the total revenue from its Airport Passenger Service Charge (APSC).
Furthermore, the airport has exhibited tremendous record of growth in transit passengers and cargo back in 2014, whereby, transit passengers increased to 178,000 in 2014 compared to 162,000 in 2013 whereas cargo input increased to 54,000 tonnes in 2014 from 44,000 tonnes in 2013.
It is known that not long ago this year, the rehabilitation of the Kumasi Airport was successful completed and the rehabilitation of the Sunyani Airport will soon kick off. However, the airport company is also looking forward to raise another US$150m to finance the development of the regional airport and also to introduce a domestic aviation in the country.