Jacksons Airport Partnership Interest Incredible: Manase

PLANS by the National Government and National Airports Corporation to secure private operatorship of Jacksons International Airport, under a Private Public Partnership arrangement, has received tremendous interest. Civil Aviation Minister Alfred Manase said with the support of the Asian Development Bank there has been tremendous interest shown for the arrangement for Jacksons Airport. “I am also pleased to say that work on Jacksons International Airport is progressing well. We have completed the feasibility study and are preparing a submission to Government,” Mr Manase said. “We have had tremendous interest from the market, from reputable international airport operators.” “Again, I thank the ADB for its commitment and continued support as transaction advisors and lead arrangers. The ADB is working with NAC and Treasury on this.” Mr Manase said the successful roll out of the transaction will also facilitate CADIP 2 negotiations that are ongoing at the moment. “The NAC Board and management also have an approved strategy or road map and that is working towards operation and sustaining 15 smart airports by 2030.” “All of these projects and initiatives including CADIP, CADIP 2, Jacksons PPP and 15 Smart Airports by 2030 sets the foundation for growth,” he said. Government approved the NAC redevelopment of Port Moresby (Jacksons) International Airport (PMIA) to develop and operate the airport as a world class international airport in the region by PPP arrangement. A Master Plan was prepared by Jacobs Consulting in 2008, which estimated total annual traffic to be 2.5 million by 2030. The ADB, through its Office of Public Private Partnership (OPPP) has been mandated by National Airports Corporation (NAC) of Papua New Guinea (PNG) to advice on the proposed brownfield development and expansion of PMIA for PPP.       Source: postcourier