The CLH Group will renovate and operate a fuel storage terminal at Dublin airport and has pledged to invest more than €40 million into the facility.
Following the award of the tender process by Dublin Airport Authority, the company will manage the facility under a concession scheme for 20 years. Additionally, it will also renovate the assets by expanding its capacity and building a new hydrant system.
During the 2016-2018 period, the investment will exceed €40 million and it is envisaged that the new infrastructure will be commissioned in stages, with the project complete in three years.
José Luis López de Silanes, Chairman of CLH, says: ‘This transaction consolidates the company’s internationalisation strategy through a growing industry such as the supply of aviation fuel, where the CLH Group has broad knowledge.’
The new facility will comprise three storage tanks of 5,000 m3 each, office and service buildings, parking area, pumping stations, into-plane fuelling unit loading areas and technologically-advanced safety systems.
The hydrant system at the airport piers will facilitate into-plane fuels, which will be connected to the storage terminal through a twin pipeline.
A new company has been created to operate the facility, CLH Aviation Ireland.
CEO Jorge Lanza adds: ‘The transaction is an exciting challenge involving the operation and renovation of the fuel storage terminal of such an important airport as Dublin, while keeping the facility operational at all times as with the project we undertook a few years back at Alicante airport.’