The Airports Authority of Jamaica (AAJ) is projecting an operational deficit of $3.7 billion at the end of the next fiscal year, a sharp reversal from the $1.97 billion surplus recorded this year.
The Authority says the downturn is largely due to fees associated with the sale of future revenues from Sangster International Airport.
To cover the projected deficit and planned capital expenditure, the Authority will draw down $13 billion from the Consolidated Fund.
Capital spending is set to rise significantly, with $9.5 billion earmarked for works next year, up from $3.8 billion this year.
The programme includes rehabilitation of the apron at Norman Manley International Airport, along with improvement works at several aerodromes across the island.
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