Fri | Sep 22, 2017

12-member Norman Manley airport divestment enterprise team appointed

Published:Monday | September 19, 2016 | 9:57 AM
The Norman Manley International Airport in Kingston.

The Government has appointed a 12-member enterprise team to lead the divestment of the Norman Manley International Airport in Kingston.

The team is being chaired by Paul Scott, the chairman and CEO of the Musson Group of Companies.

It also includes private sector leaders Christopher Zacca and Adrian Stokes.

The other members are Diane Edwards, Deborah Newland, Lyttleton Shirley and Anthony Chang. 

Representatives of the ministries of economic growth and job creation, transport and mining, finance as well as the airports authority of Jamaica and the Attorney General’s Chambers also sit on the enterprise team.

The Development Bank of Jamaica has been engaged as the transaction managers for the privatisation.

The government has been trying to sell the Norman Manley airport for several years but there have been no takers.

In 2015, the government shortlisted five entities but no bids were received at the close of the bidding period, a process that cost tax payers US$1 million.