Client: Oman Aviation Group (OAG)
Feasibility study (2018-2019)
- Passenger terminal (PTB)
- Cargo terminal (CTB)
- Air traffic control complex (ATCC)
- Aircraft rescue and fire fighting building (ARFF)
- Ground support equipment (GSE) workshop
- Central utility complex (CUC)
- Guard house (GHO)
Crucially, the expanded terminal (phase 3) will be able to handle 1.7 million pax and the design of the cargo complex will be able to accommodate 50,000 TPY.
Sohar is the second most developed city in the country and has become a major industrial hub thanks to major infrastructure projects, such as its industrial port. High traffic and population growth forecasts, coupled with a fast-evolving city, prompted the OAG to convert the existing airport facilities with a clear strategy to cope with future growth. To this end, AERTEC performed the following tasks:
¬ Value engineering: comprehensive review and analysis of current project information followed by a value engineering study to achieve the best economic results, including a full statement, guidelines and recommendations.
¬ Assessment: this included an assessment of airport capacity, an evaluation of compliance with national and international regulations, identifying potential areas for optimisation and shortcomings, and risk management.
¬ Technical feasibility: terminal planning, evaluation and optimisation of the existing terminal, passenger profile analysis, identifying bottlenecks, finding solutions and recommendations, establishing requirements (IATA requirements, CAPEX and OPEX), potential areas for optimisation, etc.
¬ Financial feasibility: financial viability assessment and additional recommendations, and a full business plan.
¬ Privatisation and partnership model: identification and privatisation of viable options and assessment of identified scenarios.
¬ Privatisation roadmap: this included the development and validation of the work plan and the selection and bidding criteria.
AERTEC led the entire transaction process, developed a robust passenger and cargo forecast, and liaised with investors. Having a fully dedicated team based in Oman throughout the course of the project allowed us to deliver a high-quality product.