Etiqueta: Norman Manley International Airport (NMIA)

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Norman Manley International Airport (NMIA): GAP has emerged as the provisional Preferred Bidder.

The divestment of Norman Manley International Airport (NMIA) has moved a step closer to completion with a Mexican company winning the bid.
Grupo Aeroportuario del Pacifico has emerged as the provisional Preferred Bidder.
The decision follows the evaluation process and subsequent approval by Cabinet last week Monday after the  public opening of three bid submissions received by the Development Bank of Jamaica in July.
In addition to the bid from the Mexican company, two were received from groups which comprised foreign and local investors.
On conclusion of the agreement with the provisional Preferred Bidder, NMIA will be operated under a 25-year concession with an option to extend the arrangements by an additional five years.
During this period, the private operator will be responsible for fully operating NMIA and improving the efficiency of both landside and airside operations, financing and completing the planned modernisation and expansion and maintaining and upgrading the facilities of the Airport.
The Government of Jamaica anticipates the execution of the concession agreement by November 2018.
Source: RJRNews
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Three international teams line up for Jamaican airport PPP

Following the news of June 4 (See: https://buff.ly/2AlPrme), three teams are in contention for a public–private partnership deal to take over the operation and expansion of Norman Manley International Airport near Kingston, Jamaica.

The winner will finance, develop and maintain the airport, the second largest in Jamaica after Sangster International, which serves the tourist resort of Montego Bay.

A request for proposals was issued by the Ministry of Transport to eight prequalified bidders in June 2017. The three that responded are:

  • Mexican airport operator Grupo Aeroportuario del Pacifico
  • A team led by Corporación del Este, a subsidiary of Dominican developer Grupo Puntacana. This team also includes China Harbour Engineering and local companies Corporación del Kingston, GBG Energy and Jamaica Producers Group
  • A team led by Egis Projects, a French engineer that specialises in international transport PPPs. Its team includes Jamaican investment adviser GK Capital Management, Kingston finance house Sagicor Investments Jamaica and Razel-Bec, the civil engineering arm of France’s Fayat Group.

Among the prequalified teams that did not submit final bids were Vinci Airports, GMR Infrastructure of India, Zurich Airport International, Cedicor of Argentina, the Korea Airport Corporation and A-Port Chile.

The government of Jamaica expects to announce the preferred bidder by the end of August, after determining whether the bids received meet its legal, technical and financial criteria. The final deal is due to be signed in October.

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Three Bidders For NMIA, Preferred Bidder To Be Known Next Month

Three of eight pre-qualified investors responded to the government’s request for proposals to enter into a public private partnership arrangement to operate the Norman Manley International Airport (NMIA) in Kingston.

In a release yesterday, the Development Bank of Jamaica (DBJ) said three investors submitted a bid at the deadline for proposals on Friday.

This is after all pre-qualified bidders undertook extensive due diligence to support the preparation and submission of their bids, including site visits, bidders’ conference, clarifications and negotiations.

The NMIA is Jamaica’s second international airport.

The entities that submitted bids are:

1. Grupo Aeroportuario del Pacifico S.A.B. De C.V;

2. Corporacion del Este, S.A.S. Consortium consisting of Corporacion del Este S.A.S., China Harbour Engineering Company Limited, Corporacion del Kingston S.A.S, GBG Energy S. de R. L. and Jamaica Producers Group Limited;

3. Egis Projects Consortium consisting of Egis Projects, GK Capital Management Ltd., Sagicor Investments Jamaica Ltd., and Razel-Bec.

The government is expected to announce the preferred bidder by next month, according to the DBJ, which is acting as the secretariat for the transaction. The agreement with the preferred bidder is expected to be signed by October.

The preferred bidder is expected to operate, finance, develop and maintain NMIA under the public private partnership.

«The GOJ will now proceed to review and assess the proposals received to determine whether they are substantially responsive to the GOJ’s legal, technical and financial criteria as set out in the Request for Proposal document,» the release from the DBJ stated.

The request for proposals was issued in June last year following the announcement of the pre-qualified bidders. The entities pre-qualified to submit bids were:

1. Vinci Airports SAS;

2. Cedicor SA;

3. Acciona Concessiones, SL/Airports Company South Africa Soc. Limited/Acciona Airports Services, SA;

4. GMR Infrastructure Limited;

5. ZAIA-APORT Consortium, comprising Zurich Airport International AG/A-Port Operaciones SA/A-Port Chile SA;

6. Grupo Aeroportuario Del Pacifico SAB de CV;

7. Corporacion Aeroportuario Del Este, SAS/China Harbour Engineering Company Limited/Gulfstream Petroleum S de RL/Jamaica Producers Group;

8. EGIS PROJECTS SA/GraceKennedy Company Jamaica Limited/Lagan Construction International Limited.

Source: The Gleaner. Jamaica