No KIA privatisation – Adda

Aviation Minister Kofi Adda has denied media reports that the government plans to privatise the Kotoka International Airport. He told the media at a breakfast meeting by Aviation Ghana on Tuesday, 16 April 2019 that: “First of all, I have not seen anything credible on the supposed privatisation of KIA, until I see that there is little I can say about it”...


Aviation Minister Kofi Adda has denied media reports that the government plans to privatise the Kotoka International Airport.

He told the media at a breakfast meeting by Aviation Ghana on Tuesday, 16 April 2019 that: “First of all, I have not seen anything credible on the supposed privatisation of KIA, until I see that there is little I can say about it”.

According to documents seen by Class News, the airport, which handles close to 5000 passengers daily, is to be handed over to a private company, Tav Airport Holding Company limited, for a terminal management contract or a concession agreement.

The private company forwarded a proposal to Ghana’s Aviation Ministry “to help bring about the physical development of the airport enclave.”

Per the terminal management contract proposal, terminals within the airport will be managed by the airlines while the ownership of the airport and its operations will remain the responsibility of the state, should the deal be pursued and signed.

As far as the concession agreement is concerned, the concession manager will be responsible for “all aspects of the day to day operations.”

“The concessionaires assume most of the risk for potential downturns in the airport revenues but also receive a greater reward if there is an unexpected increase in airline passenger traffic,” the memo noted.

The proposal urged the Akufo-Addo Cabinet to “consider and convey policy approval for the Ministry of Aviation to facilitate the engagement of Tav Airports Holding Company Limited as a strategic partner for the management of Kotoka International Airport.”

However, Mr Adda denied knowledge of such a move by his ministry, saying "at the moment there is nothing like that on the table"

He continued: “I don’t know where it’s coming from. I don’t know who is putting it out there. I have even heard that it is being put out there that we are selling Ghana and I don’t know who we are selling it to. But the government will always look at the kinds of arrangement that will improve the value of assets that we have in the nation. Bear in mind the president swore to protect assets of this nation, so, any kinds of business plans that will help us improve on the assets we have, we are willing to look at it.

“The only question I will ask those putting this out there is that: how many times has the airport paid dividend to the nation? The last five years, have we paid dividend to the nation? If there is any arrangement that is going to enhance the value of the airport and enable us pay dividend to the nation, we will be happy to look at it,” he said.

Source: Ghana/ClassFMonline.com/91.3FM



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