Sunday, September 23, 2012

Entities to be privatised in Jamaica


Entities to be privatised

The following is a sample of the entities available for privatisation.

1. Norman Manley International Airport and Aerodromes

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 the GOJ owned Aerodromes. The NMIA Enterprise Team, which was appointed by the GOJ, is presently in the preparatory stages of this privatization transaction and on completion of the preparatory 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.  The DBJ is the Secretariat for the NMIA Enterprise Team.

2. UDC Assets - Selected Local Attractions and Beachfront Properties

The Government of Jamaica, through the Urban Development Corporation (UDC), is seeking to divest selected tourism assets which include attractions, hotels, beachfront and other properties slated for tourism development projects. The Development Bank of Jamaica Limited (DBJ), as Secretariat to the UDC Enterprise Team, is overseeing the divestment of these assets.  The DBJ has selected consultants to package certain local attractions and beachfront properties for privatisation, as well as to assist with the identification of suitable operators/developers for each of the assets. The consultants’ due diligence process is in progress.

For more information contact

Privatisation Services
Development bank of Jamaica Limited
11A - 15 Oxford Road
Kingston 5
AttachmentSize
Bloody Bay Hotel Development Limited.pdf2.65 MB
Caymanas Track Limited.pdf1.88 MB
Wigton Wind Farm Limited.pdf2.18 MB
Runaway Bay Dev Ltd Profile for DBJ website Revised 31May2011.pdf294.02 KB
Norman Manley International Airport extract.pdf461.21 KB

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