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24Sep92 MACAU: SIEMENS AND SOARES DA COSTA WIN CONTRACT FOR TERMINAL AT TAIPA ISLAND INTERNATIONAL AIRPORT.

Amec and Trafalgar House-owned Gammon Construction have narrowly lost out to a German-Portuguese group for the construction of the 1,800 million pataca (£114 million) passenger terminal at Macao's international airport on Taipa Island.Mr Antonio Diogo Pinto, chairman of the board of directors of the Macao airport franchise company CAM, said the Siemens/Soares Da Costa group won because it was the only venture to include a financing proposal.This entails a 728 million pataca (£46 million) export credit organised through banks in Britain, Portugal and Germany, a US$120 million (£63 million) commercial loan and US$18 million (£9.5 million) bridging financing.Dr Diogo Pinto described the rival bids by the Amec/Gammon group and Hip Hing/Spie Batignolles as quite good, but the winning finance package carried the day.The three were shortlisted from five groups, including Ballast Nedam with the UK Aiport Group, which initially tendered.Amec and Gammon was in joint venture with three Portuguese contractors *-Engil, Opca and Somec.The terminal will be capable of handling 4.5 million passengers a year when it opens in 1995, although this will increase to 40 million by the turn of the year 2000.Only one contract remains outstanding on the airport development. This is the construction of runways and taxiways for which Ballast Nedam is strongly favoured.