Provisional preferred bidder for Norman Manley airport selected
The Norman Manley International Airport (NMIA) Limited is reporting that the consortium group Grupo Aeroportuario del Pacifico S.A.B De C.V. is the provisional preferred bidder to take over the for Norman Manley International Airport in Kingston.
Grupo, a Mexican company which operates 12 international airports in the South American country, was selected over two other bidders.
In a statement, NMIA said the decision follows the evaluation process and the subsequent approval by Cabinet on September 3.
The company said it expects to conclude the terms of the concession agreement by November.
Among other things, the preferred bidder, the agency said, will operate the airport under a 25-year concession with an option to extend the arrangement by an additional five years.
Grupo will be responsible for fully operating NMIA and improving the efficiency of both landside and airside operations, financing and completing the planned modernisation and expansion and maintaining and upgrading the facilities of the airport.
Paul B. Scott, Chairman of the Enterprise Team which oversaw the privatisation of the NMIA, said that “Governments worldwide, including in Jamaica, have turned to public private partnerships to design, finance, build and operate infrastructure projects. Our most recent successfully completed PPP concession was the Kingston Container Terminal transaction."
"PPPs are an excellent vehicle for unlocking the value of assets, reducing debt and mobilising local and foreign direct investment in the economy and we look forward to the improvements to come at the NMIA”, Mr. Scott said.
NMIA is owned by the Airports Authority of Jamaica (AAJ) and is currently operated by NMIA Airports Limited, a wholly-owned subsidiary of the AAJ.
NMIA says on the conclusion of the agreement with the provisional preferred bidder the airport will be operated under a 25-year concession with an option to extend the arrangements by an additional five years.
During the period, the private operator will be responsible for fully operating NMIA and improving the efficiency of both landside and airside operations, financing and completing the planned modernisation and expansion and maintaining and upgrading the facilities of the airport.