Tender finalists for the Keflavik Airport Area Strategic Masterplan recently presented their proposals to key stakeholders of the project. The event was opened by Bjarni Benediktsson, Minister of Finance and Economic Affairs. 

“The Reykjanes peninsula is a key area when it comes to Iceland’s national economy. In the next decades we aim to strengthen the area further by attracting international companies and investors. By developing a diverse business environment, Kadeco aims to ensure the economical resilience and international competence of the area.” Bjarni Benediktsson, Minister of Finance and Economic Affairs, said in his opening address. 

By diversifying the peninsula’s economy and taking a holistic urban planning approach to the entire region, plans for development are aimed at enhancing the attractiveness of the area as a place to live, work, and visit.

The three teams that have qualified for the final stage of the masterplan tender are led by Arup, Jacobs and KCAP, international firms that all have extensive experience with ambitious large scale projects worldwide, such as the Hong Kong Zhuhai-Macau bridge and the expansion of Heathrow Airport.

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In May 2021 Kadeco formally launched a design tender for the Keflavik Airport Area Strategic Masterplan, advertised on the EEA web Tenders Electronic Daily. In the first phase of the tender, 25 multinational design teams applied for participation. The winning proposal will be announced by the end of 2021.

Keflavik Airport Development Company, Kadeco, leads the cooperation of the Icelandic state, Isavia, Reykjanesbær and Suðurnesjabær on the planning, development and marketing of land around Keflavík International Airport.

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