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The Ghana Airports Company Limited (GACL) has begun arrangements towards the development of its new venture, initiated the "Airport City II". To be sited close to the Accra Polo Grounds, the venture will contain workplaces, lodgings, shopping centers, amusement focuses, auto stop and other air terminal related offices.

At the organization's Annual General Meeting (AGM) in Accra yesterday, the Managing Director of GACL, Mr Charles Asare, said, the venture, when finished, would help non-aeronautical income. Among different works as of now continuous at the site are the development of the street system and establishing of the framework columns.

Mr Asare said the principal period of the venture would include the development of streets and other infrastructural offices.

TAsked whether the organization had secured financing for the venture, he said GACL would embrace the venture with any intrigued accomplice.

"Since the venture would be in a type of an open private organization (PPP), GACL is interested in work with any intrigued privately owned business," Mr Asare included.

He said the air terminal city stage one anticipate, which was presently home to major design perfect works of art, was a standout amongst the most looked for after business areas in the capital. "It is, to be sure, an impression of the quantum of outside speculation into Ghana's land part," Mr Asare said.

Discussing a portion of the advancement extends the organization was embraced, Mr Asare said the GACL, over the previous year, had attempted numerous undertakings to enhance the proficiency at the airplane terminals. "As a major aspect of the organization's push to enhance business forms, another server farm has been developed to give the vital system in innovation foundation," he said.

As per Mr Asare, the goal was to change the nation's airplane terminals into an ICT driven air terminals inside the sub-area, which would bring about proficient and more dependable operations.

Money related explanation
The Chairman of the Board of Directors of GACL, Mr Tony Lithur, said surprisingly, the organization had completely merged its monetary proclamation and had connected the new universal budgetary reporting norms (IFRS). IFRS is an arrangement of bookkeeping principles created by an autonomous, not-revenue driven association called the International Accounting Standards Board (IASB).

Addressing the budgetary explanation for 2015, Mr Lithur said the GACL's benefit after assessment diminished from GH¢184.9 million to GHc¢176.6 million, speaking to a 4.3 for every penny diminish in 2015 against the 2014 money related year. "This was for the most part because of expanded operational cost," he clarified.

Source: Graphic Online

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