A majority in the Greenlandic parliament, Inatsisartut, has now passed an act on a historically major investment plan for construction and establishment of airports in Greenland.

The act sets out the framework conditions for construction, financing and operation of the airports, which shall be handled by the company owned by the Government of Greenland, Kalaallit Airport A/S.

This opens the way for establishment of 2,200 meters' airstrips in Nuuk and Ilulissat, which provides a possibility for direct international air traffic to these cities, and a regional 1,500 meters' airstrip in Qaqortoq in South Greenland.

The act provides for a possibility to invite for tenders for building and construction by international tenders and by international invitation for private bids and also provides for special rules for use of foreign building and construction workers.

The Government of Greenland contributes with an equity of DKK 1.4 billion and DKK 0.1 billion subordinated loan capital. The Danish State contributes with an equity of DKK 0.7 billion and obtains an equity interest of a little more than 33.3 % in Kalaallit Airport A/S' company for construction and operation of the airports in Nuuk and Ilulissat.

contacts

Søren Hornbæk Svendsen

Partner

Klavs Gravesen

Partner