Abu Dhabi cancels $3 bln airport terminal contract, sources say ...Egypt

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Abu Dhabi cancels $3 bln airport terminal contract, sources say
DUBAI, July 5 (Reuters) – Abu Dhabi’s state-owned airport operator has cancelled a contract with a consortium which was building a 10.8 billion dirham ($2.94 billion) terminal at the emirate’s main airport, four sources familiar with the matter told Reuters. The group, which comprises United Arab Emirates-based Arabtec, Turkey’s TAV Insaat and Athens-based Consolidated Contractors Company (CCC), were awarded the contract in 2012 to build the Midfield Terminal Building at Abu Dhabi International Airport. One of the sources said state-owned Abu Dhabi Airports cancelled the contract after the group over ran project costs. Abu Dhabi Airports and TAV Insaat declined comment. Arabtec, which filed

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