The Jamaican government officially handed over management of the Norman Manley International Airport (NMIA) in Kingston to Grupo Aeroportuario del Pacifico S.A.B. de C.V. (GAP) yesterday.
The Airports Authority of Jamaica which owns the NMIA signed a 25-year concession agreement with the Mexican firm and its local subsidiary, PAC Kingston, for the operation of the facility a year ago.
Under the agreement, GAP, which already operates Sangster International in Montego Bay, will be responsible for improving the airport’s land and air operational efficiency, and financing. The entity will also complete a modernisation programme at an estimated cost of more than US$110 million (J$14.8 billion).
In return, the Government will receive a guaranteed percentage of the airport’s gross revenues. The operators have the option to extend the arrangement by an additional five years.
Transport Minister Robert Montague emphasised that the airport is not being sold.
“We went through a very serious international bidding process overseen by the IFC (International Finance Corporation), a subsidiary of the World Bank, and they were quite pleased with the way we handled the divestment,” he said.
Montague was speaking at a ceremony for the presentation of an Aerodrome Operator Certificate to NMIA at the Mining Ministry in Kingston on Tuesday.