DPM Announces New Freeport Airport Development Company Established To Oversee GBIA

Wed, Aug 24th 2022, 09:47 AM

 

The Hon. I. Chester Cooper, Deputy Prime Minister and Minister of
Tourism, Investments & Aviation (MOTIA) in a statement on Sunday, 21 August, announced the
appointment of a seven-member board of directors for the newly established Freeport Airport
Development Company (FAD) as a part of the Government’s commitment to rebuild and manage the
Grand Bahama International Airport (GBIA).
The Freeport Airport Development Company (FAD) will function similarly to the Nassau Airport
Development Company (NAD), overseeing the management and redevelopment of the GBIA. In addition
to overseeing the redevelopment of the new airport, the Board will serve as the evaluation committee
of proposals shortlisted for Private Public Partnership (PPP) for the redevelopment of the Grand Bahama
Airport.
DPM Cooper said in the statement that the creation of FAD is a fulfillment of The Government of The
Bahamas’ promise to ensure GBIA is rebuilt as soon as possible.
“It was a major pledge of our administration to restore the economic vitality of Grand Bahama, and a
new state-of-the art airport is a critical part of that restoration,” he said. “The goal will be to build a
sustainable, resilient, modern facility that will facilitate the return of US pre-clearance and smoothly
handle the increased air traffic that is continuing to come on stream for Grand Bahama.”
Terah Rahming, a certified public accountant with a wealth of experience in business and finance, has
been appointed Chairman of FAD. Rahming will provide oversight of all aspects of the airport’s
redevelopment.
Board members include Peter Rutherford, Managing Director of the Airport Authority; Attorney
Cassietta McIntosh; Elbert Hepburn, a Businessman; Forrester Carroll, a Businessman; Julian Sawyer, an
Engineer; Airline Executive Harold Williams; and a representative from the Tourism Development
Company.
The Grand Bahama Airport which sustained extensive damages during Hurricane Dorian in 2019 was
purchased by the Bahamas Government in 2021 through the Airport Authority. Completion of the
redevelopment of the airport is slated for 2025 according to DPM Cooper. The new state-of-the-art
airport will be instrumental in facilitating the projected growth and expansion of tourism to the island of
Grand Bahama.

The Hon. I. Chester Cooper, Deputy Prime Minister and Minister ofTourism, Investments & Aviation (MOTIA) in a statement on Sunday, 21 August, announced theappointment of a seven-member board of directors for the newly established Freeport AirportDevelopment Company (FAD) as a part of the Government’s commitment to rebuild and manage theGrand Bahama International Airport (GBIA).

The Freeport Airport Development Company (FAD) will function similarly to the Nassau AirportDevelopment Company (NAD), overseeing the management and redevelopment of the GBIA. In additionto overseeing the redevelopment of the new airport, the Board will serve as the evaluation committeeof proposals shortlisted for Private Public Partnership (PPP) for the redevelopment of the Grand BahamaAirport.

DPM Cooper said in the statement that the creation of FAD is a fulfillment of The Government of TheBahamas’ promise to ensure GBIA is rebuilt as soon as possible.

“It was a major pledge of our administration to restore the economic vitality of Grand Bahama, and anew state-of-the art airport is a critical part of that restoration,” he said. “The goal will be to build asustainable, resilient, modern facility that will facilitate the return of US pre-clearance and smoothlyhandle the increased air traffic that is continuing to come on stream for Grand Bahama.”

Terah Rahming, a certified public accountant with a wealth of experience in business and finance, hasbeen appointed Chairman of FAD. Rahming will provide oversight of all aspects of the airport’sredevelopment.

Board members include Peter Rutherford, Managing Director of the Airport Authority; AttorneyCassietta McIntosh; Elbert Hepburn, a Businessman; Forrester Carroll, a Businessman; Julian Sawyer, anEngineer; Airline Executive Harold Williams; and a representative from the Tourism DevelopmentCompany.

The Grand Bahama Airport which sustained extensive damages during Hurricane Dorian in 2019 waspurchased by the Bahamas Government in 2021 through the Airport Authority. Completion of theredevelopment of the airport is slated for 2025 according to DPM Cooper. The new state-of-the-artairport will be instrumental in facilitating the projected growth and expansion of tourism to the island ofGrand Bahama.

 

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