airport deal

Jamaica – Kingston (Norman Manley)

Operator // NMIA Airports Ltd. 

Overview

Overview

Following an unsuccessful attempt in 2016 under a previous administration, the Gov’t of Jamaica (GoJ) launched a new bidding process in late 2017 through the Development Bank of Jamaica for concession of KIN which yielded three offers from a field eight pre-qualified bid groups led by international operators; GAP (Mexico), Corporacion del Este (Dominican Republic) and Egis (France). The International Finance Corporation (IFC) has served as Grantor’s Advisor for the transaction. In the retendering of KIN, USD10m upfront fee required in the first/failed attempt was reduced to USD5m and the mandatory capital investment requirement was set atUSD110m, with at least USD50m being expended in the first three years of the deal.

1,819,200
20,800
12,500

Cargo (tonnes)

Airport Details

Included Airports

Airports

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Jamaica

1 airport

Transaction Stage

Stage

Deal has been archived

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Stage 1 — Pending

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 — Pending

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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