GICA RESOURCE LIBRARY
Build-Operate-Transfer Concession for the Queen Alia Airport in Jordan
This webpage provides an example of a transaction in which multilateral development banks played a role in facilitating Public-Private Partnerships (PPPs). It also demonstrates the value of private sector capital in infrastructure financing and the complexity of implementation. In the case of Jordan’s Queen Alia International Airport (QAIA), the International Finance Corporation (IFC) assumed three distinct roles: first as a transaction advisor to the Jordanian government, then as a senior lender and lead arranger of the financing to the concessionaire, and finally as a portfolio manager during the implementation of the project. By facilitating the 25-year build-operate-transfer concession to the Airport International Group (AIG) in 2007, IFC played a pivotal role in turning around QAIA’s fortunes. Since the award of the concession, QAIA has expanded its reach to connect with more than 60 international destinations, and seen an increase in passenger volume from 3.9 million in 2007 to 7.4 million in 2016.
For more information, see the IFC EmCompass note under Associated Website.