In anticipation of the privatization of Queen Alia International Airport, the Jordanian Ministry of Transport (MoT), along with the IFC, requested InterVISTAS-NACO to provide technical support to review the airport’s current condition, evaluate terminal development plans and provide recommendations on how to finance the proposed terminal renewal.
As part of the technical support, InterVISTAS produced a new traffic forecast, completed a technical review, developed an investment requirement program and analyzed the financial feasibility of the project. InterVISTAS also reviewed concession documentation developed by the MoT’s legal counsel and the technical/business plans. Furthermore, InterVISTAS recommended how to structure a FBOT deal.
InterVISTAS is currently advising the Government in the post- PPP implementation providing contract management oversight services.
A 25-year Build-Operate-Transfer contract was awarded to a private consortium that includes ADPm as the airport operator. The contract involved an annual Concession fee to the Government, which increases to 54.58% of gross revenues. This is the highest revenue-sharing percentage ever achieved for similar projects anywhere in the world, substantially improving resources available to the Jordanian Government.
In March 2013, the IFC and Infrastructure Journal announced the Queen Alia International Airport among the Top 40 PPP projects with the highest “Gold” recognition in Emerging Partnerships.