Helping build New Doha International Airport
Site of NDIA, photo credit: www.medcodredging.com
We have recently signed agreements to supply ground support equipment to several commercial and military airports around the world, most notably with New Doha International Airport (NDIA). The total amount of these orders comes to approximately EUR 4.1 million and includes suppying a range of advanced ground support systems for application in Qatar.
We will supply 36 pop-up pit units, with 2 x 90kVA rating, and 26 access covers for NDIA, scheduled to open in 2010. Eleven of these units are for installation on the cargo apron, with the remaining 25 serving remote parking positions. The pop-up pit systems supply aircraft with air, water, fuel and power.
While NDIA is the end user for the two Qatar orders, we are working directly with two contractors; Gamuda, one of Asia’s premier engineering and construction companies;and leading construction group, Consolidated Contractors Company (CCC). We will manufacture the systems and provide installation and operator training.
Following rapid growth in both air passenger and freight in the Middle East in recent years, the NDIA project is set to become a key international hub airport and the new home to Qatar Airways. NDIA hopes the new airport will serve Qatar’s aviation requirements for at least the next 50 years. The site of the new airport, covering some 22 square kilometres, lies to the east of Doha’s existing airport, and involves land reclamation from the Gulf. The airport is also being designed to comfortably handle the Airbus A380 – aircraft Cavotec’s PCAir systems cool in less than 30 minutes.
This was pleasing new order news to see, notwithstanding the order amount, but also the exposure this gives in these locations/areas. I did note that this was significant enough for Cavotec to warrant releasing to the NZX, but curiously, it did not create any interest on the market for CC stock, even though it made broad news. I know Cavotec as a company, of course, has no control there, but ….
On similar financial topic …. is the problems that were mentioned previously, about slow debtor payments, rectifying itself now that there seems to be order/new order/project interest?
Also, I remember reading somewhere very recently that management are planning to visit New Zealand. Can I ask why or is this just a routine call to Cavotecs Mooring headquarters?
regards
ps – would luv to see more feedback comments from others, not directly related to Cavotec business … time will tell, huh.
[...] to significant orders in the Airport market unit, such as the NDIA project, our 4Q Order Intake should be the highest in the Cavotec’s history, well over €50 million. [...]