Airport redevelopment PPP bidding program launched for 14 airports

(GOVERNMENT LAUNCHES

Preliminary Stage Of Bidding Process For 14

ADDITIONAL FAMILY ISLAND AIRPORTS THROUGH A PUBLIC PRIVATE PARTNERSHIP PROGRAM)

NASSAU, Bahamas, 26 Feb.

2023 – The Government of The Commonwealth of The Bahamas has announced the March 1st, 2023 launch of a Public Private Partnership (PPP) designed to engage experienced and qualified private sector concession- aires under a model to design, build, finance, operate and/or maintain the following fourteen (14) Family Island Airports:

• New Bight International Airpor t (Tier 2) - Cat Island

• Exuma International Airpor t (Tier

1) – Moss Town, Great Exuma

• Staniel Cay Airpor t (Tier 3) –Great Exuma (Option to bundle)

• Black Point Airpor t (Tier 3) –Great Exuma (Option to bundle)

• Farmer’s Cay Airpor t (Tier 3) –Great Exuma (Option to bundle)

• Leonar d M. Thompson International Airpor t (Tier 1) - Marsh Harbour, Abaco

• Treasure Cay Airpor t (Tier 3) –

Abaco

• Sandy Point International Airpor t (Tier 3) –Abaco

• North Eleuthera International Airpor t (Tier 1) –Eleuthera

• Rock Sound International Airpor t (Tier 2) –Eleuthera

• Governor’s Harbour International Airpor t (Tier 1) – Eleuthera

• Long Island International Airpor t (Tier 2)Deadman’s Cay, Long Island

• Congo Town Airpor t (Tier 3) - South Andros

• San Salvador International Airpor t (Tier 1) - San Salvador

The Honourable I. Chester Cooper, Deputy Prime Minister and Minister with responsibility for Tourism, Investments & Aviation, noted: “Investors’ interest in The Bahamas’ Airports Infrastructural Projects is an indication of the global confidence in The Bahamas as a destination, especially after 2022 foreign air arrivals and overall seat capacity soared towards, and in some cases, exceeded the historic pre-pandemic levels. This move affirms the national priority and commitment of The Government to aggressively address the state of The Bahamas airports infrastructure to support ongoing economic development.”

According to Dr. Kenneth Romer, The Bahamas Director of Aviation, “In June 2021, the Government of The Bahamas initiated a process to identify a portfolio of airports with attractive investment potential and proposed a bundle of airports likely to be structured under a PPP scheme. After a careful review, a determination was made to formally launch Phase I, with the Request for Pre-Qualifications (RFpQ) for the Grand Bahama International Airport on 28 March 2022. This next phase is considered a continuation and expansion of this initiative designed to drive traffic, improve operational efficiency, grow revenue and enhance the quality of service in the targeted airports.”

Under this PPP Program, the ownership of the airports will be retained by The Government of The Bahamas. However, private partners will be granted a concession and lease for the airports up to 30 years. Further, there will be an option to invest in the airports either individually or through a bundle portfolio approach.

The PPP process will commence on March 1st, 2023 with the issuing of the RFpQ and Project Information Memorandum (PIM) via the Department of Aviation’s website https://doabahamas.com. All interested parties are required to access the documents through the website in order to ensure that they receive all