A contractor for the redesign of Owen Roberts International Airport terminal could be chosen by the end of the month, according to the Cayman Islands Airports Authority.
Earlier this year, the Airports Authority invited architectural and engineering firms to tender redevelopment plans for the airport, including a new terminal building and expanded runway.
“The successful firm will be required to develop a strategy that includes financial analysis of current and future revenue streams, business planning and procurement practices, as well as an evaluation of existing concessions operations and opportunities,” according to a release issued by the Cayman Islands Airports Authority last week.
The terminal expansion program will include improved passenger processing areas, a new departure lounge and commercial spaces.
Chief executive officer of the Airports Authority Albert Anderson explained the objectives of the expansion project. “On the one hand, the CIAA is endeavouring to deliver a modern airport facility that provides a safe and pleasant passenger experience and offers the space and amenities expected of a first world destination,” he said.
“At the same time from an operational perspective, the Authority is also responsible for implementing strategies which are designed to improve profitability and maximize revenue generation for all stakeholders.
Consequently, along with the structural enhancements, the CIAA is amending its business model to align with industry standards and is introducing measures that are designed to improve sustainability over the longer term.”
The Cayman Islands Airport Authority last week also announced its intention to tender the duty-free concession areas at Owen Roberts International Airport.
Mr. Anderson said the invitations to tender would be issued after the renovations to the departures area were completed.
“When the time comes, the CIAA will actively be seeking a variety of high-quality retail concepts that will not only exceed the escalating expectations of travelers, but will provide an optimum mix of international and local products which reflect the charm and individuality of the Cayman Islands.
“The CIAA is committed to ensuring that all aspects of the planned airport redevelopment caters to the Islands current and future travelling needs and we look forward to developing a top-class facility that the country can be proud of,” he said.
Construction work for the airport, which is currently operating at double its intended capacity, is estimated to start in next June.
Some $90 million in investment will be required to redevelop the airport over the next 20 years, according to PwC’s master plan for redevelopment of all three of Cayman’s airports.