KINGSTON, Jamaica, The divestment of Jamaica’s Norman Manley International Airport (NMIA) in the capital, Kingston, is scheduled to be completed by June 2019.
The disclosure was made by President and Chief Executive Officer (CEO) of the Airports Authority of Jamaica and NMIA Airports Ltd., Audley Deidrick.
Outlining the stages that have been completed so far, he said that earlier this year, eight bidders were prequalified for the transaction, and the bidding stage was launched in June.
Since that time, “we had a major bidders’ conference in September, where five of the eight bidders showed”, he said.
Deidrick explained that the bidders went through a series of presentations, and the enterprise team fielded questions from them and heard concerns and issues they wanted contemplated in the transaction.
Deidrick told local media that the final draft of the concession agreement is being vetted by the enterprise team, to be sent back to the bidders after review by the team, the lenders and the Cabinet.