Mexican company, Grupo Aeroportuario del Pacifico (GAP), says the level of investments made in Jamaica is indicative of its belief in the country and the prospects for growth.
The firm officially took over management of the Norman Manley International Airport last October, through its local subsidiary, PAC Kingston Airport Limited, under a 25-year concession agreement.
Chief Executive Officer of GAP, Raul Revuelta, says the investment decision rested heavily on the strides that Jamaica has been making.
GAP has committed to invest US$60 million in the development of the airport during the first three years of operation.
This will be carried out under a modernisation plan that is expected to cost more than US$100 million.