NASSAU, BAHAMAS — The government concluded the purchase of the Grand Bahama International Airport, bringing the number of airport’s under the Airport Authority’s ownership to 30.
“Today, April 29, 2021, the final contract is being executed to complete the purchase transaction,” read a statement.
The airport comprises 2,500 acres, inclusive of an 11,000-foot runway.
The government advised that employees and the management team will transition to the subsidiary that will now be wholly owned by the authority.
As has been indicated, the government plans to redevelop the airport, and through the Department of Aviation will issue a request for proposals within 90 days in order to finalize a public private partnership to develop and manage the airport.
The authority has contracted Leigh Fisher, a Canadian international consulting firm, which specializes in airport projects, to steward the RFP process.