KINGSTON: The Development Bank of Jamaica (DBJ) indicated on Wednesday that bids from companies which have been pre-qualified in the ongoing divestment of the Norman Manley International Airport (NMIA) are expected to be submitted during December.
Following this, the announcement of the preferred bidder is anticipated to be made in fourth quarter FY2015/2016, the DBJ said.
The island’s second-largest airport, the NMIA is owned by the Airports Authority of Jamaica (AAJ), and is currently operated by the NMIA Airports Limited, a wholly owned subsidiary of the AAJ.
The Government is touting its development and modernisation as part of its strategic plan to establish Kingston as a regional business hub, and Jamaica as a logistics hub.
The International Finance Corporation (IFC), a member of the World Bank Group, is the Government’s lead advisor on the project with the DBJ, the GOJ’s Privatisation Agency and PPP Unit acting as co-advisors and secretariat for the transaction.
The GOJ issued the Request for Proposals to the five pre-qualified firms on 10 June 2015.
The qualifying companies are: Cedicor S.A. (Aeropuertos Argentina 2000 S.A.); Zurich Airport International AG and A-Port Chile S.A; Korea Airport Corporation Latin America and GK Capital Management Limited; China Harbour Engineering Company Limited (CHEC) and DAA International Limited; and Corporación Aeroportuaria del Este S.A.S (Punta Cana International Airport), Jamaica Producers Group Limited and GBG Energy S. de. R.L.
Two local companies — GraceKennedy Group and Jamaica Producers Group Ltd are part of two of the consortiums shortlisted to participate in the process. GraceKennedy will be part
of the Korea Airport Corporation Latin America Consortium ,while Jamaica Producers will be part of the Corporacion Aeroportuaria del Este S.A.S Consortium.
On Wednesday, the DBJ said that the pre-qualified firms were continuing their due diligence of the opportunity.
“The GOJ and the pre-qualified firms are now in the process of finalising general terms of the concession to be awarded. The final bidding documents were issued on 13 November 2015 with bids submitted in December 2015. Evaluation of bids submitted will commence thereafter with Cabinet approving the preferred bidder,” the bank said in replies provided through its communications department.
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