PRESS RELEASE – For the past few months the Saint Lucia Air and Sea Ports Authority (SLASPA) has been considering various options for the redevelopment of the Hewanorra International Airport (HIA).
A number of options have been presented, none of which include the privatization of the airport.
However, SLASPA and the Government of Saint Lucia are currently participating in an Aviation conference in Greece to assess international interest in a potential Public Private Partnership (PPP).
Under this model an experienced private company would finance the initiative and operate the airport for a finite period of time under the supervision of SLASPA, which would retain regulatory and monitor oversight, share in the revenues and retain ownership of the facility.
The International Finance Corporation, a member of the World Bank Group, is helping SLASPA in this process.
The IFC recently concluded a comprehensive evaluation that includes a detailed technical, legal and financial analysis of the airport and a comprehensive assessment of HIA’s development options.
SLASPA and the government of Saint Lucia are currently studying the IFC’s evaluation and recommendations, as well as other development options and will make a decision soon.