Actus Lend Lease has been selected by the U.S. Air Force as the developer for high quality military homes for U.S. Air Force service members and their families, at Hickam Air Force Base in Hawaii. Actus Lend Lease and the Air Force will work together over the next few months to finalise all documents and plans.The Hickam Housing Privatization Initiative (HPI) Project covers the building and renovation of 1,356 homes, involving an expenditure of approximately $US200 million in the development scope over the first five years.Approximately $US1.1 billion will be generated in total revenues over the 50 year term of the Project, during which time Actus Lend Lease will have exclusive responsibility for the operation of the Project.The U.S. Air Force is expected to award the final contract in February 2004.This project is in addition to the previously announced selection of Actus Lend Lease by the U.S. Army as the preferred developer for its $US1.7 billion development scope privatisation project in Hawaii.
US Air Force role for Actus Lend Lease
