AIG rules out Jordan airport exit
Amman, January 29, 2013
Airport International Group (AIG) has denied reports that a consortium led by it is in the in the process of disposing of its interest in Jordan's Queen Alia International Airport (QAIA).
AIG chief executive officer Kjeld Binger stressed that such reports are unfounded, and emphasized that AIG had no plans of disposing of any part of its investment in QAIA, which is considered the most important Public Private Partnership (PPP) in the history of Jordan.
A Reuters report, quoting banking sources, yesterday said AIG is looking to exit a 25-year concession to manage the facility, preferring to cash in the investment rather than stay involved for coming years.
The consortium was awarded a 25-year build-operate-transfer (BoT) concession by the Jordanian government in 2007. The new terminal is expected to open in February, increasing capacity nearly three times to 9 million passengers a year.
The AIG statement said since 2007 the firm has had an interest in Jordan’s long-term development, and has been work closely with the Jordanian government to manage and redevelop Jordan’s premier gateway, QAIA, under the 25-year Build-Operate-Transfer (BOT) concession. - TradeArabia News Service
