Gide provided legal advice to IFC and the Government of Jamaica for the PPP project to upgrade, finance, operate and maintain the Norman Manley International Airport (NMIA) in Jamaica's capital, Kingston.
After reviewing and assessing the proposals submitted by three bidders, the Government of Jamaica selected Mexican company Grupo Aeroportuario del Pacifico (GAP) as preferred bidder for the 25-year concession, with an option to extend for a further five years. The Concession Agreement was signed on October 10, 2018 by PAC Kingston Airport Limited, a project company set up by Grupo Aeroportuario Del Pacifico (GAP) and the Airports Authority of Jamaica. Financial close is scheduled for 2019.
Project investment is valued at an estimated 110 million dollars.
The Norman Manley International Airport (NMIA) is owned by the Airports Authority of Jamaica (AAJ) and is currently operated by the NMIA Airports Limited, a wholly owned subsidiary of the AAJ. The International Finance Corporation (IFC) is the government’s Lead Advisor on the NMIA PPP with the Development Bank of Jamaica (DBJ), the government’s Privatisation Agency and PPP Unit acting as co-advisors and Secretariat for the transaction.
Gide's team acted as international legal counsel and assisted AAJ, DBJ and IFC on the legal structure of the project, the tender procedure and the finalisation of the concession agreement.
The team comprised partner John Crothers, counsel Victor Grandguillaume and associates Frédéric Pia and Claire Labouré, all members of the firm's Projects (Finance & Infrastructure) practice group. Patterson Mair Hamilton acted as Jamaican legal counsel on this operation.