Major MBJ Airport Upgrade to be Financed By Scotiabank
Montego Bay, Jamaica – September 14, 2020 - Scotiabank has again provided loan financing to facilitate significant infrastructure improvements being made at Sangster International Airport in Montego Bay.
In early September, the Bank inked a financing arrangement valued at US$60M that will fund the expansion of the Departures Retail Area to increase circulation space and improve the retail experience for passengers. Additionally, the airport is also investing in a 1 megawatt solar PV installation solar project to power the airport facility – a move that is expected to significantly reduce operating costs and the airport carbon footprint.
Other projects will include a major upgrade of the airport’s HVAC system to include the installation of new chillers and replacement of the airport’s passenger processing system.
“These investments will not only improve the passenger experience, but will also result in environmental and economic benefit with our renewable energy initiative. MBJ also intends to reshape the passenger journey with the introduction of next-generation technology to reduce the number of touchpoints and make the passenger experience seamless,” shared Shane Munroe, CEO of MBJ Airports.