Airports upgrade in 'full swing'
Cape Town - The Airports Company South Africa (Acsa), which operates South Africa's 10 major airports including Johannesburg, says that it is satisfying to report that its R5.2bn infrastructural upgrade programme "is in full swing".
The investment period began last year and runs to 2009.
In its annual report tabled at parliament, chief executive Monhla Hlahla and chairperson Franklin Sonn noted that during the review period - to March 2006 - Acsa invested R1.259bn in 2005-06, compared to R492m in the previous financial year in capital expenditure.
Altogether R747m was spent in the last financial year on the Johannesburg International Airport, while R292m was spent on the Cape Town International Airport - compared to R277m and R114 respectively in the previous year.
The report notes that the fast-tracked programme to complete the bulk of projects in time for the World Cup in 2010 "is on schedule".
Multi-storey parkade for Johannesburg International
At Johannesburg, 4 500 square metres of new duty free retail space will be added to the existing shopping area providing 11 000 square metres of shopping "as a seamless experience for departing passengers". T
The project target completion date is July 2009.
The new multi-storey parkade has a target completion date of July next year.
While it will ultimately provide 5 247 parking bays, the first 1 000 are expected to be on stream next year.
The new northern pier development at Johannesburg is expected to be completed in October 2007 - it will handle the new A380 aircraft.
At Cape Town, a new apron is expected to be completed by July 2009 which will specifically cater for the A380.
It will include new aircraft parking stands and air bridges. Work had already started on the new R900m central terminal building to be known as Terminal 2010.
Strong financial performance
At Durban International Airport, the terminal building is being upgraded with a target date of July 2009, with at least 14 more check-in counters.
A multi-storey parkade with 1 500 bays has a target completion date of July 2009.
The Acsa group recorded a strong financial performance for the year ended March 31 with revenues of R2.175bn, up 12% on the previous year.
Ebitda of R1.4bn rand was up 20%, while earnings per share increased by 30.3% to 123.76c/share.
The group's total assets increased by 28.2% off the back of capital expenditure of nearly R1.3bn.
News source: www.news24.co.za
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