Abu Dhabi’s public airport operator, Abu Dhabi Airports, has canceled the $2.94 billion contract with the consortium, including TAV Construction, for the construction of the terminal.
TAV İnşaat, United Arab Emirates-based Arabtec and Greece-based Consolidated Contractors Company (CCC) were included in the consortium, which won the tender held in 2012 for the construction of a new terminal at Abu Dhabi International Airport, the largest airport in the emirate.
According to the news of Reuters, four knowledgeable sources stated that the agreement was cancelled; Abu Dhabi Airport and TAV Construction did not comment on the issue. Arabtec and CCC officials could not be reached.
“Cost overrun canceled”
A source said Abu Dhabi Airports canceled the deal as the consortium exceeded project costs.
The opening of the terminal, which was planned to open in 2017 and is still under construction, has been postponed for years for various reasons. Abu Dhabi Airports announced in 2019 that the terminal was 97.6% complete.
Two sources said that the job of completing the terminal was given to the UAE-based company Trojan.
The Trojan did not respond to questions on the subject.
The 700 thousand square meter terminal was expected to support the growth of Etihad Airways.