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Opposition demands cost of failed NMIA divestment

Published:Thursday | January 7, 2016 | 1:58 PM
Shaw ... Jamaicans must be told how much it cost the enterprise team and the Development Bank of Jamaica to engage the International Finance Corporation.

The Opposition spokesman on finance, Audley Shaw, is demanding that the government disclose how much was spent on the failed bid to privatise the Norman Manley International Airport (NMIA).

Last week the Airports Authority of Jamaica reported that the tender period had expired without the divestment team receiving any bid from companies interested in operating the airport.

This development came despite an announcement by the transport and works minister, Dr. Omar Davies, last year that five local and international entities had been prequalified to bid.

READ: No bidders for Norman Manley Airport

Shaw says Jamaicans must be told how much it cost the enterprise team and the Development Bank of Jamaica to engage the services of the International Finance Corporation (IFC) to lead the process.

 

Opposition Spokesperson on Finance, Audley Shaw

Shaw says it needs to be examined whether the IFC was the appropriate agency to aggressively lead the divestment of the NMIA.

According, the opposition spokesman, in the absence of critical information, the public is left with the impression that the divestment exercise was poorly managed and was at best a "half-baked, half-hearted attempt", which resulted in disinterest.