The Government of Jamaica has closed the bidding process for the privatisation of the operations of the Norman Manley International Airport.
Dennis Morrison, chairman of the Airports Authority of Jamaica (AAJ) has indicated that no bids were received by the submission deadline of December 30, 2015, a news release from the AAJ said recently.
The chairman of the Enterprise Team for the privatisation, Michael McMorris, stated that the Government had engaged in a robust bidding process, which utilised the services of the International Finance Corporation?(IFC) as lead advisors for the transaction, and the Development Bank of Jamaica (DBJ) as the Public Private Partnership (PPP) Secretariat.
The team is now expected to assess the outcome and make recommendations to the Minister of Transport, Works and Housing Dr Omar Davies, for deliberation by Cabinet. Subsequently, the minister is expected to make a public statement on the way forward.
The AAJ chairman has highlighted that NMIA is delivering strong operating and financial performance and will continue with the ongoing capital development programme.
As at November 2015, NMIA recorded traffic growth of five per cent and “significant upturn in revenues and profits”.
According to the release, with NMIA’s positive financial performance, it is able to service its debts and is not a charge on the national budget.
wuklis govament nah nu business a try sell nu airport!
bastards should be attempting a PP3 instead.Dem a sell off fi dem retirement…notice they are all ole zotzs?
So if it’s not loading my why selling it these so call heads of state. SMH Jamaicans don’t own anything for our slef no more dam shame
The Government should list the airport on the Jamaica Stock Exchange. A lot of Jamaicans in Jamaica and abroad would love to say they own a piece of their country, even if it’s only one stock.
So u mean fi tell me with all the positive stuff n wid di glowing strong dollars n profitability of NMIA,nobody nah touch it with a 10ft pole???Something nah add up Lalibela u no think so too??
nobody want to pay for tower upgrade and continous maintenanace along with the cost of general liability coverage.
Portia portia portia.after u sell everything u only have to sit back and collect tax payer money cause u wont have any work to do.soon sell the police force to and the hospitals.
Is sign from di almighty seh dem fi keep something fi dem own. Caan teck dem nasty habit fi sell off chu dem too blasted lazy fi siddung and brainstorm and put een di hard work. Everyday a garage sale a JA.
People read properly, the government is not trying to sell the airport; they are privatizing the operations of the airport. There is a huge difference.
Is same suh mi did read it tuh… privatize operations not sell airport. But maybe di caption mislead dem.
They are playing word games…a sell dem a try sell.
As opposed to assumptions, I am going to run with the stated facts…
Privitization of the operation a subtle way of pushing in the direction to make it a Profitable Sale.They know what they are doing..mark these words ..It will be sold ..soon.Jamaica sell everything they own .Not even road they own.Bauxite sell Alcoa sell cement factory sell.airline sell Once private investors are allowed in..guaranteed it will,be sold.
Once JPS succeed in wiring all the garrisons and get everybody to pay a bill then it go private too then it sell