← News Fri Jul 18, 2014 - 2:19 pm - 0 comments

NMIA divestment under way


Government on Wednesday started accepting expressions of interest for the divestment of the state owned Norman Manley International Airport (NMIA).

Stakeholders will also hear pitches from Government at conferences planned later this month in London and Kingston.

“The Government of Jamaica through the Ministry of transport Works and Housing has initiated the process of identifying a private sector operator with proven experience in the aviation sector to operate, finance, develop and maintain the NMIA under a long term concession agreement,” according to a public notice in the papers bearing the crest of the Transport ministry.

Government will accept proposals up to month end, then later in the year launch an international competitive tender, the notice stated.

The lending arm of the World Bank the IFC will act as the lead advisor in the structuring and implementation of the project. The Development Bank of Jamaica, Government’s Privatisation Agency and the PPP Unit will act as co-advisors.

Published in the Jamaica Observer
Read Full Article →

Comments are closed.