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ADP-led consortium wins Jordan airport deal

AMMAN - Jordan has awarded a consortium led by French airport operator Aeroports de Paris a 25-year concession to build and manage a $450 million passenger terminal at the country’s main international gateway in Jordan, officials said on Thursday.

They said ADP, Abu Dhabi Investment Company, Athens-based Joannou and Paraskevaides J&P Overseas, Kuwaiti Noor Financial Investment Co and Jordan-based EDGO Ventures presented the best bid of six consortiums that had prequalified.

Abu Dhabi Invesment Company will have the largest stake, 40 percent, in the company to be set up by the consortium to construct and operate the new terminal due for completion in 2008, industry executives said.

The French airport operator ADP, responsible for running the new terminal, will have a shareholding of 5 percent. Kuwait’s Noor will have a 25 percent share while the Athens based contractor J&P Overseas will have 20 percent and Jordan’s privately-run EDGO 10 percent.

Jordan’s government will have 54 percent of the total income generated from running the aiport under the terms of the concession based on Build Operate Transfer (BOT) terms in which not only the new passenger terminal will be built but two existing terminals fully upgraded by 2010, officials said.

The government had given the consortiums until the end of March to submit their financial and technical offers, following improved concessions terms over revenue sharing and exclusivity.