IFC wins aviation privatisation mandate

11 November 2005
The Executive Privatisation Commission (EPC) on 5 November took further steps towards privatising Queen Alia International Airport (QAIA) and national carrier Royal Jordanian Airlines (RJ)by appointing the International Finance Corporation (IFC), the private sector lending arm of the World Bank, as its adviser.

Under the mandate, the IFC will act as lead adviser in attracting private sector participation in the expansion and rehabilitation of QAIA and conduct a study into the feasibility of privatising RJ. The government will base its decision on the the results of the study.

IFC's role on the airport expansion will be split into two phases - transaction preparation and implementation - with the assignment expected to take nine months to complete. Officials at the Civil Aviation Authority say the expansion plan for the airport is likely to be carried out on a build-operate-transfer (BOT) basis.

A consortium led by Germany's Lufthansa Consultingsigned a four-year, $3 million contract to provide technical assistance to the Transport Ministry in July 2004 (MEED 30:7:04).

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