Origin Country
Bahamas

airport deal

Bahamas – Family Islands

Operator // Gov't of Bahamas

Overview

Overview

In November 2019, the Bahamian government announced that it was entertaining multiple offers from local and international investors, prior to the gov't formally approaching the capital markets for funds, to raise USD100m for the upgrade of four Family Island airports (GGT, ELH, LGI, MHH) through a PPP framework. The government also indicated that the Inter-American Development Bank (IDB), RoyalFidelity Merchant Bank & Trust, Colina Financial Advisors Ltd. (CFAL) and other local finance houses are interested in participating in the project. The government reportedly has USD35m in IDB financing secured and is seeking the additional USD100-120m to complete funding of the project. Planned capital investment includes USD65-68m each for GGT and ELH; USD15-18m for LGI and USD10m of MHH. The planned GGT works will expand the existing terminal from 2,000 sq.ft. to 60,000 sq.ft.

820,000 13 airports
28,000 13 airports
N/A 13 airports

Cargo (tonnes)

For multi-airport deal profiles, passenger, movement and cargo data is represented as accumulated values for all airports included in the deal.

Included Airports

Airports

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Bahamas

13 airports

Transaction Stage

Stage

Stage 1 — Complete

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — In progress

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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