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April 2003 marked the beginning of a new era in the development and progress of the airport. This period saw the Government of Jamaica granting MBJ Airports Limited a 30-year concession agreement to operate and manage Sangster International Airport.
The consortium of companies that formed MBJ Airports Limited at the time of privatisation: YVR Airport Services (Canada), Agunsa (Chile), Ashtrom (Israel) and Dragados (Spain).
MBJ Airports limited’s mandate when the concessionary agreement was signed was to demonstrate leadership in implementing safe, friendly, clean, efficient and profitable programs to develop and operate Montego Bay’s airport in a manner which reflects Jamaican culture and philosophy. To date the company has lived true to this mandate.
Shares in MBJ Airports Limited were transferred to two key principals:
ABERTIS INFRAESTRUCTURAS SA (formerly, Dragados) — Abertis is an international group that manages infrastructures for mobility and telecommunications in five business areas: airports, telecommunications infrastructure, toll roads, car parks and logistic parks. The continued internationalisation of its activities has enabled the company to have a presence in a total of 17 countries on three continents and to consolidate itself as a European leader in infrastructure management and one of the world's major benchmark companies in the field.
VANTAGE AIRPORT GROUP (formerly, Vancouver Airport Services [YVRAS]) — Manages and develops a global network of airports. Vantage Airport Group is ranked among the world’s premier airport operators and provides a full range of management and investment services to their clients. Vantage Airport Group’s shareholding in MBJ is valued at 25.5%.
Phase 1A (COMPLETED March 2004)
Phase 1B (COMPLETED December 2005)
Phase 2 (COMPLETED February 2009)
Overall results of construction upgrades: