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Gov’t eyes air freight terminal outsourcing
from 06062023 BUSINESS
by tribune242
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE Government is eyeing a proposal to outsource Lynden Pindling International Airport’s (LPIA) freight terminal to private sector developers and operators, it has been revealed.
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Documents accompanying the 2023-2024 Budget, in an annex detailing private-public partnerships
(PPP), lay out the “justification to design, finance, build and operate a new air freight terminal”.
“The purpose of this proposal is for the Government to transfer the property consisting of the Air Freight Terminal to a special purpose vehicle (SPV) owned by the Government, and then to lease that property to JDL in order to design, finance, build and operate a new