THE Bahamas government is eyeing a proposal to outsource Lynden Pindling International Airport's (LPIA) freight terminal to private sector developers and operators, it has been revealed, reports the Nassau Tribune.
Documents accompanying the 2023-2024 Budget, in an annex detailing private-public partnerships (PPP), lay out the "justification to design, finance, build and operate a new air freight terminal".
"The purpose of this proposal is for the government to transfer the property consisting of the Air Freight Terminal to a special purpose vehicle (SPV) owned by the government, and then to lease that property to JDL in order to design, finance, build and operate a new air freight terminal," the Budget documents state.
No further details are provided, and "JDL" is not identified. The closest matches, based on Internet searches conducted by this newspaper, are a Taiwan-headquartered company, JD Logistics, and a Wisconsin outfit with a similar name.
Chester Cooper, deputy prime minister and minister of tourism, investments and aviation, did not return calls seeking comment.