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Norman Manley International Airport to be privatised within a year
Tue February 19, 2013
Dr. Omar Davies, Minister of Transport, Works and Housing, said the undertaking is being targeted for implementation under a Public/Private Partnership (PPP) agreement. The process is scheduled for completion by March 2014.
A Cabinet-approved Enterprise Team has been appointed to oversee the process.
World Bank subsidiary, the International Finance Corporation (IFC) has been engaged to assist with the undertaking.
Their input is expected to include: the engagement of financial, legal and technical consultants; conducting due diligence; reviewing market conditions; analyzing, structuring and concluding the transaction process; and facilitating a competitive bidding process.
Dr. Davies said a 2004 Capital Development Master Plan, which is currently being updated, will guide the process.
This undertaking will include extension and widening of the runway, establishment of runway end safety areas in line with International Civil Aviation Organization and Jamaica Civil Aviation Authority safety standards.
Privatisation of the Norman Manley International Airport’s management will make it the second such undertaking by the government.
The Sangster International Airport in Montego Bay was placed under a similar arrangement in 2003.
http://rjrnewsonline.com/local/norma...-within-a-year
Tue February 19, 2013
Dr. Omar Davies, Minister of Transport, Works and Housing, said the undertaking is being targeted for implementation under a Public/Private Partnership (PPP) agreement. The process is scheduled for completion by March 2014.
A Cabinet-approved Enterprise Team has been appointed to oversee the process.
World Bank subsidiary, the International Finance Corporation (IFC) has been engaged to assist with the undertaking.
Their input is expected to include: the engagement of financial, legal and technical consultants; conducting due diligence; reviewing market conditions; analyzing, structuring and concluding the transaction process; and facilitating a competitive bidding process.
Dr. Davies said a 2004 Capital Development Master Plan, which is currently being updated, will guide the process.
This undertaking will include extension and widening of the runway, establishment of runway end safety areas in line with International Civil Aviation Organization and Jamaica Civil Aviation Authority safety standards.
Privatisation of the Norman Manley International Airport’s management will make it the second such undertaking by the government.
The Sangster International Airport in Montego Bay was placed under a similar arrangement in 2003.
http://rjrnewsonline.com/local/norma...-within-a-year
