Barbados: Government says no plans to sell international airport

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Barbados: Government says no plans to sell international airport
Grantley Adams International Airport
Grantley Adams International Airport

BRIDGETOWN, Barbados, Feb 26, CMC – The Barbados government says it has no intention of selling the Grantley Adams International Airport (GAIA) and that an earlier statement regarding the future development of the facility may have been misconstrued.

“I tend to attribute to ignorance those things that other people would attribute to malice . . . . So, when I read in sections of the press that the airport is for sale, I say to myself ‘that can’t be malice that must be a case of people don’t understand’. So, I want to make it abundantly clear now,” said Tourism Minister, Kerrie Symmonds.

Speaking at the launch of two new gates and waiting areas at the airport, Symmonds said it was unfortunate that his comments made at a function two weeks ago at the launch of a project to rehabilitate the airport’s pavement and expand its near 40-year-old terminal, was misconstrued.

He said at the time that it was necessary to seek a worldwide tender as Barbados did not possess the technical knowledge for such an initiative.

The Tourism Minister said that the government was also not in a financial position to develop the airport on its own and would therefore need assistance.

“It is known that we intend to work with the International Finance Corporation (IFC), which is essentially the private sector arm of the World Bank and the world’s leading developmental institution, to give us the kind of technical expertise because Barbados does not possess it in a matter of this nature,” he said then.

But he told the ceremony on Monday “this partnership will see us find, by way of an international bidding process, a partner who will invest some money into this airport, who will design, who will construct, who will build and will operate for a period of 20 to 30 years.

“This will be done so that the entity can get a return on his or her investment, and then at the end of that period, they will hand the operational control of the airport back to the Government and the people of Barbados,” Symmonds said.

He told the ceremony that such a partnership, for which the bidding process could begin in a matter of months, is expected to put the government in a better position to build out the airport to its maximum earning potential, and to realize key upgrades to the facility.

Symmonds said that the plans to work with IFC were at an advanced stage.

“I do not think I can make myself any clearer. There is no parting with the land. What we are doing is recognizing that for too long this place has needed substantial capital injection, for too long we have failed to recognize our maximum potential…

“This entire process may take us 10 to 14 months depending on how nimble we are. Time is of the essence because we want to make sure that the airport is at maximum capacity and has maximum operational efficiency as soon as possible,” Symmonds. Added.

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