Government of Jamaica
The following is a list of the entities available for privatisation.
The Norman Manley International Airport (NMIA) is one of two international airports serving Jamaica. The current operator of the Airport is NMIA Airports Limited (NMIAL), which was incorporated in 2003 as a wholly owned subsidiary of the Airports Authority of Jamaica (AAJ). AAJ entered into a Concession Contract with NMIAL on an interim basis pending the procurement of a qualified private investor/operator to invest in and manage the Airport for the period of the agreement.
The GOJ is seeking to identify and appoint a suitably qualified Concessionaire to develop and operate the NMIA and develop and expand some or all of the GOJ owned Aerodromes. The NMIA Enterprise Team, which was appointed by the GOJ, is presently in the preparatory stages of this privatisation transaction and on completion of this due diligence phase, an appropriate Information Memorandum will be prepared to be available to all interested parties, and bid proposals will then be invited through public advertisements. It is anticipated that this opportunity will be advertised in 2013. The International Finance Corporation (IFC) have been engaged by the GOJ as the lead advisors for this transaction and the DBJ as co-advisors for this transaction as well as Secretariat to the NMIA Enterprise Team. Please see additional information on the NMIA transaction attached.
The Government of Jamaica, through the Urban Development Corporation (UDC), is seeking to privatise the management of selected tourism assets which include attractions and beachfront properties slated for tourism development projects. The Development Bank of Jamaica Limited (DBJ), as Secretariat to the UDC Enterprise Team, is overseeing the privatisation of the management of these assets. The DBJ has engaged consultants to package the selected attractions and beachfront properties for private sector management, as well as to assist with the
identification of suitable operators/developers for each of the assets.
UDC Beachfront Properties - The local and international marketing of the four (4) beachfront properties commenced in November 2012, and ended on 16 January 2013. The public tender process will include a Pre-qualification Stage
and a Bidding Stage. The Pre-qualification Stage is now in progress, and involves an assessment of the expressions of interest received. The Information Memorandum will be available for sale to the pre-qualified potential investors during the second quarter of 2013.
UDC Attractions - This transaction is at the due diligence and business case stage. It is expected that the public tender process for the selected properties will commence during the second quarter of 2013.
For more information contact
Development bank of Jamaica Limited
11A - 15 Oxford Road
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|NMIA extract.pdf||496.07 KB|