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Government signs memorandum of understanding with International Airport Alliance Belize Limited

Posted: Wednesday, December 13, 2017. 4:08 pm CST.

Posted: Wednesday, December 13, 2017. 4;06 p.m. CST.

By BBN Staff:  The Government of Belize (GOB) signed a Memorandum of Understanding (MOU) with International Airport Alliance Belize Limited (the “Developer”), seeking to develop and manage a full-service International Airport on Northern San Pedro, Ambergris Caye, namely the Efrain Guerrero International Airport (the “Project”) yesterday.

According to a release from GOB, the proposed project, inclusive of a terminal building, runway, taxiway, apron and other ancillary facilities, is valued at about USD$100 million with plans to employ approximately 181 Belizeans during the operational phase.

The project expects to bring long-term socio-economic benefits to Belize and add further value to its thriving tourism industry.

The MOU, which establishes the general framework that guides the standard investment facilitation process, was signed by Erwin Contreras, Minister of Economic Development, Petroleum, Investment, Trade and Commerce on behalf of the Government of Belize.

Jorge Abraham Jaen signed on behalf of International Airport Alliance Belize Limited.

The Cabinet Sub-Committee for Investments, chaired by Tracy Taegar Panton has been integral in the ongoing investment facilitation process.

 

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