Grantley Adams International Airport Investment Opportunity
Stable Aviation Policy
Barbados has well established Civil Aviation Act and aviation policy, with two agencies that
will play a critical role in the GAIA concession namely:
Civil Aviation Department ("CAD"):
Regulator responsible for ensuring the safety and efficiency of International Air Transport in
Barbados
Certifies the airport operator and issues Aerodrome Operator Certificate
Enforces ICAO SARPS
Provides air navigation services (Barbados Terminal Manoeuvring Area up to FL245, within
the Picaro Flight Information Region)
Grantley Adams International Airport Inc. ("GAIA Inc"):
Granting authority of the concession
Will develop performance standards for the contract and monitor concessionaire's
performance against them
IFC
International
Finance Corporation
WORLD BANK GROUP
GAIA Inc.
BARBADOS
"rising higher'
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