THE DOCTOR JUST GIVE US THE FLLOWING QUESTION AND NAME PLEASE YOU CAN SEARCH BY
ID: 349778 • Letter: T
Question
THE DOCTOR JUST GIVE US THE FLLOWING QUESTION AND NAME PLEASE YOU CAN SEARCH BY GOOGLE
Project: Abu Dhabi International Midfield Airport or you can choose any big project
1. How the project is structured - What are the requirements in terms of security design agreements
2. Discuss the sources of financing for the project
3. How the valuation of the project was done -Analyze using cash flow and investment appraisal system
4. What are the major risks involved .Discuss both macro economic and commercial risks involved in project
Explanation / Answer
Abu Dhabi International Midfield Airport
How the project is structured - What are the requirements in terms of security design agreements?
Abu Dhabi International’s Midfield Terminal Building (MTB) will have 35 per cent of the buildings steel structure completed by the end of the month, stated Abu Dhabi Airports top executive.
In an email to Gulf News, Ali Majed Al Mansouri, Chairman of Abu Dhabi Airports said that the Dh10.8 billion project “is absolutely on schedule and within budget.”
MTB, which will be used by Etihad Airways and its partner airlines, will be between 630,000 square metres and 702,369 square metres, according to reports. It is set to open on July 17, 2017.
“The steel of each of the four piers are now almost complete and the distinctive shape of the complex becoming increasingly visible,” Al Mansouri stated.
ONE of the world’s largest airport terminals is currently under construction in the United Arab Emirates (UAE).
While the existing Abu Dhabi International Airport handles around 26 million passengers each year, the new "Midfield Terminal Building" will increase the airport’s capacity by an additional 30 million travelers annually.
The expansion is intended to position Abu Dhabi as a competitive regional hub in the Arabian Gulf - on par with Dubai and Doha.
The progress of construction works to date has been captured in this video by the Airport's operator
The 700,000 square metre building is the fourth terminal to be built as part of the airport.Designed by Kohn Pedersen Fox (KPF) and engineered by ARUP, the new facility is being delivered under a joint venture between TAV, CCC and Arabtech.
Once operational, the terminal will be able to handle up to 8,500 passengers and 19,000 bags per hour during peak times.
The new building also aims to maintain the airport's high level of service - Abu Dhabi International Airport performs well in Skytrax’s World Best Airport list and gained an ‘A’ rating from International Air Transport Association (IATA).
Discuss the sources of financing for the project
The construction of Abu Dhabi Airport's Dh10.8bn (US$2.94bn) Midfield Terminal building moved a step closer yesterday as the project secured a key funding deal.
A consortium of banks has agreed to provide a Dh4 billion (US$1.08bn) syndicated loan to finance construction of the 700,000 square metre terminal, which is being built for the Abu Dhabi Airports Company (Adac) by a joint-venture company created by Arabtec, TAV Construction and Consolidated Contractors' Company (CCC).
The consortium, which includes Mashreq Bank, Al Hilal Bank, First Gulf Bank, Union National Bank and Arab Bank, signed a contracting deal with the TAV-CCC-Arabtec joint venture for the construction of the building.
Al Hilal Bank, First Gulf Bank, Mashreq and Union National Bank co-led the financing coordinated by Mashreq. Arab Bank acted as lead arranger.
The announcement comes nearly four months after Adac awarded the prestigious contract to build the Kohn Pedersen Fox-designed terminal building to the joint venture for Dh10.8bn.
About 84,000 tonnes of steel will be used to build the terminal, which will have a roof area of 225,000 square meters and a total facade area of 200,000 square metres. It will be capable of handling 27 million passengers per year.
Key elements of the current modus operandi:
• The Board shall have at least four regular meetings each year
• An annual schedule for Board meetings is made available in the prior year
• Meeting agendas are approved by the Chairman and Members may propose matters to be included in the agendas
• Agendas and papers are sent to Members at least three clear days before a meeting (excluding the date of dispatch and the date of meeting)
• The Board receives reports from Chairmen of Board Committees at each meeting
• Meeting minutes are sent to Members for comment and record within a reasonable time
• Members are obliged to safeguard confidential information and observe procedures for declaration of interests
How the valuation of the project was done -Analyze using cash flow and investment appraisal system
• Preparing Contract Master Programme with resource loading (Clause 14.1 Programme as per FIDIC).
• Scheduling and Updating of Project Master Program with resources.
• Preparing manpower histogram and cash flow statements (S Curves) & monitoring manpower outputs with help of site mangers & engineers reports.
• Preparing weekly look ahead programme and Progress reports (Daily, Weekly & Monthly Reports)
• Preparing Medium and short term target programmes. Also prepared revised working programmes on request by Client, keeping intact our rightful EOT entitlement.
• Attend management/ client meeting. Frequent Coordination with the respective site managers for monitoring progress. Streamlined reporting system from site to get accurate progress updates, which were regularly verified through frequent site visits.
• Tracking “Plan and actual” and give detailed information to management. Updating and generating quantity based and percentage wise report. Suggesting focus shift on work areas to enhance the critical path in case of mitigating any site delays.
• Tracking variations, working with commercial department, preparing claims schedule and managing documents time to time. Help Project Manager prepare detailed particulars for Delay analysis.
• Preparing Impacted Programme & Assisting Contract Department in preparing EOT Claims. Preparing Presentations for higher management highlight the delay, causes & impacts
• Preparing subcontractors and Suppliers schedule and reviewing their status of work at regular interval (Weekly) with proper coordination with them.
• Tracking Material Procurement Schedule, shop drawing and material submittal schedule through preparing KPI’s & piecharts for the same to establish the progress & ensure it to be in track as planned.
What are the major risks involved .Discuss both macro economic and commercial risks involved in project
The Economic Development Committee (EDC) of the Abu Dhabi Executive Council visited the new Midfield Terminal Project (MTP) and Abu Dhabi Ports, the master developer, operator and manager of the emirate's ports, and Khalifa Industrial Zone Abu Dhabi (Kizad).
The two projects are in line with the Abu Dhabi Plan objectives to create an effective transportation system that serves the community and the economy, and developing vital sectors that contribute to economic diversification.
The members of the committee examined the MTP at Abu Dhabi International Airport (AUH) where they reviewed updates and the progress made in the construction and development processes, in addition to learning about the details of recent concession contracts.
Construction progress of the new MTP is underway according to set plans. The steel structure of the central roof has been completed, as well as the removal of the temporary supports used for constructing the roof element. The supporting structure for the MTB central roof consists of 18 inclined arches of varying heights and sizes weighing around 20,000 metric tonnes. The building will be the largest architectural structure in the emirate of Abu Dhabi, visible from 1.5km away.
The committee's visit to Abu Dhabi Ports Company covered a number of facilities in both Khalifa Port and Khalifa Industrial Zone. The committee toured the container handling terminal and quays at Khalifa Port.
The committee was also briefed on the expansion and deepening works at Khalifa Port, which will add an additional 600,000 sq m for cargo handling and support construction works of the second container terminal, which will provide, upon completion, an overall capacity for container volumes of six million TEUs per year.
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