Barbados seeks Public-Private Partnership with Airport Expansion

• A paper would be going to the Barbadian Cabinet Thursday, February 14, 2019, to gain approval for a worldwide tender for the creation of a public-private partnership for the development, operation, and expansion of the Grantley Adams International Airport (GAIA) Inc.

 

• The proposal would be that the concessionaire, once identified, would be given an operating lease for a period of 20 to 30 years, allowing for a reasonable time to have a return on the investment.

 

• Stating that the ownership of the airport would remain with the Government and the people of Barbados, Minister of Tourism Kerrie Symmonds said at the end of the period of the operational lease, the control of the airport would revert to the GAIA Inc., which for the foreseeable future, once given the blessing of Cabinet, would then be a holding company with regulatory oversight of all airport and civil aviation activities.

 

(Source: Barbados GIS