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Barbados

Grantley Adams International Airport not for sale

01 Sep 2023
#73273

The Minister of Tourism and International Transport, Ian Gooding Edghill, has confirmed that the Grantley Adams International Airport will not be sold or renamed under the new Public-Private Partnership (PPP). This was communicated during a town hall meeting at the Lloyd Erskine Sandiford Centre.

The airport will still be governed by the board of Grantley Adams International Airport Inc. The minister emphasized the need for investment in the airport, highlighting its importance to Barbados's tourism and ongoing efforts to improve operations and infrastructure.

Engagements have taken place between trade unions, airport operators, concessionaires, and the airport's management concerning the PPP.

For the Grantley Adams International Airport, a $300 million contract with a Dubai-based consortium has been drawn. The investor will earn 60% of future revenues, with Barbados taking 40%, which will increase to 50% in the contract's last decade. Airport staff will also benefit from future revenue shares.

The aim of the PPP is to expand and upgrade the airport, boost airlift capacity, establish it as a significant cargo hub, and introduce an airport hotel.

Separately, a temporary flight suspension occurred on February 14th, 2023, due to runway light issues. Public feedback on airport services has been generally positive, but concerns include the absence of jet bridges during rain and accessibility issues for wheelchair users.

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