Barbados launches prequalification for USD 125m airport PPP

03 February 2020 - 12:00 am UTC

Barbados launched the prequalification process for a public-private partnership (PPP) to expand the Grantley Adams International Airport on 3 February. 

Interested developers must submit prequalification bids by 16 March.  

The project calls for the financing, expansion, upgrade and operation of the Grantley Adams International airport. The concessionaire will be remunerated through the collection of the airport’s revenues, which include aeronautical revenues, including passenger fees, as well as non-aeronautical revenues, including duty free and food and beverage sales. 

In 2018, aeronautical revenues, including airport passenger fees, totaled USD 30m, and non-aeronautical revenues totaled USD 9m.  

The PPP contract will have a term of 30 years and a total estimated investment of USD 125m, with USD 54m of capex spending in the first four years, according to a 27 November project presentation.  

As part of the agreement, the concessionaire will pay the government an annual concession fee. When providing details of financing in their offers, bidders will have to propose an annual concession fee as a percent of gross revenue.

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