Construction Today - September/October 2012 - (Page 94)

Argyle »Located on 275 acres,will have International Airport Civil | INTERNATIONAL AIRPORT DEVELOPMENT COMPANY LTD. – ARGYLE INTERNATIONAL AIRPORT the capacity to handle 1.4 million passengers annually. • Project cost: $250 mi lli • Location: Argyle, St. Vi on ncent and the Grenadines • Employees on-site at pe ak: 550 Internatio A DevelopmennalComirport Ltd t Argyle InternatiopanyAir . – nal port ww “We see the airport as an of economic growth.” engine –Dr. Rudolph Matthias, CEO Easier Access S t. Vincent and the Grenadines knew it had an access problem for many years. Fortunately, that problem is in the midst of being solved thanks to International Airport Development Company (IADC) Ltd. and the development of Argyle International Airport. “There has always been a desire to build a new airport here, and past efforts to solve capacity problems through solutions at other island hubs weren’t satisfactory,” CEO Dr. Rudolph Matthias says. “The airport will eliminate delays involved with waiting for connecting flights and transferring from large to small planes, as people will be able to fly in and out directly.” Because the country has been shifting its economy toward a greater reliance on tourism, a satisfactory solution was necessary. The island nation traditionally has relied on the agricultural sector, particularly banana production. However, the cost of producing bananas in St. Vincent and the Grenadines is high relative to Latin American competitors. “We have a good tourism product, but it is underdeveloped,” Matthias says. “We see the airport as an engine of economic growth.” IADC is a wholly owned government limitedliability corporation that primarily exists to manage and oversee the completion of the airport project, as well as to secure its financing and construction. After decades of searching for a solution to improve air access to the island nation, IADC was incorporated on Nov. 24, 2004. A MAJOR AIRPORT DEVELOPMENT IS CRITICAL TO THE ECONOMIES OF AN ISLAND NATION. BY ERIC SLACK Argyle International Airport will be situated on 275 acres of land. It will include a paved runway that will be 9,000 feet long and 147 feet wide, able to accommodate jets as large as the Boeing 747-400s. The airport’s terminal will occupy more than 150,000 square feet and will have a capacity to handle around 1.4 million passengers annually. The entire cost of the project is approximately $250 million. The island has a population of 110,000 people and a GDP of about $1.5 billion. Clearly, this is a massive project relative to the size of the nation’s economy. Borrowing the entire cost of the project would have saddled the island with massive debt and prevented it from making other investments. Fortunately, the government of St. Vincent and the Grenadines has been able to secure resources in cash and kind from Cuba, Venezuela, Taiwan, Trinidad and Tobago, Mexico, Austria, Iran, Libya, Georgia and Caricom Development Fund. Overcoming the Odds Ever since then, the company has been working to turn the Argyle International Airport dream into reality. One of the first decisions that needed to be made was where to put the new airport. The site of a smaller airport – E.T. Joshua Airport in the city of Arnos Vale – wasn’t workable because of various technical, economic and natural obstacles. Eventually, the Argyle site was chosen. The 94 CONSTRUCTION-TODAY.COM SEPTEMBER/OCTOBER 2012 http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - September/October 2012

Construction Today - September/October 2012
Construction Law
Green Construction
Best Practices
Lighting Technology
HDC Development Cos.
NorthPoint Development
Cornish & Carey Commercial Newmark Knight Frank – Moffett Towers
Demar Plumbing Corp.
Howard S. Wright – Tony Nelssen Equestrian Center
Rommel Cos.
NOW Specialties Inc.
NOW Specialties Inc.
Sioux Chief Manufacturing Co.
Victor International
Starwood Land Ventures
LaValley Building Supply
Congress Construction
McCormack Baron Salazar Inc.
Related California – The Village at Santa Monica
Ricco Construction
Taisei Construction Corp.
WPM Construction
WPM Construction – WR Sage West Apartments
Flagger Force
Miami International Airport – North Terminal improvements
Graham Construction and Engineering – Wastewater Treatment Plant Upgrade
Hydrema US Inc.
CARCON Industries
Dennis’ 7 Dees
G.W. Peoples Contracting Co. Inc.
International Airport Development Co. Ltd. – Argyle International Airport
TL Wallace Construction Inc.
TL Wallace Construction Inc.
Morrison Hershfield – Newfoundland
APEX Block Corp.
Teqton Inc. U.S.
Dakota Transload
Empyrean Services
West Side Tractor Sales Co.
U.S. General Services Administration/VCC – FBI field building
Kohler Ronan LLC
Turner Construction – Martin Army Community Hospital
Last Look

Construction Today - September/October 2012