DELIVERING GROWTH BY PARTNERSHIP Developing Sustainable PPP Opportunities for Jamaica - Airports Mr. Earl Richards, President Airports Authority of Jamaica February 2014. Presentation Overview.
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DELIVERING GROWTH BY PARTNERSHIPDeveloping Sustainable PPP Opportunities for Jamaica - AirportsMr. Earl Richards, President Airports Authority of Jamaica February 2014
Jamaica Civil Aviation Authority (JCAA) - Established under JCAA Act and responsible for both technical regulation of aviation sector and economic regulation of airports.
Jamaica has opted for the PPP model
“ Since 1987, when Margaret Thatcher’s government privatized (via a 100% public share offering) the former British Airports Authority (now BAA), airport privatization has become a global phenomenon. Governments in Europe, Asia, Australia and New Zealand, Latin America and the Caribbean have privatized major airports. Some of these privatized entities have subsequently acquired full or partial ownership interests in other airports (in their own country and elsewhere), as have some government-owned airports. Today’s global airport industry is often characterized by airport groups, rather than just individual airports.”
Extract from Annual Privatization Report (April 2012)
SIA PPP deemed to be a successful model.
Good potential for private sector initiatives