The U.S. Virgin Islands Port Authority hselected VIports Partners, a consortium led by Toronto-based Aecon Group Inc., for a public-private partnership that will redevelop terminals at two airports. The P3 team will also maintain and operate the airports, Cyril E. King Airport on St. Thomas and Henry E. Rohlsen Airport on St. Croix, for 40 years.
Officials and the companies have not shared financial terms of the deal, but Carlton Dowe, executive director of the port authority, said during an event April 5 that the projects at both airports would together cost “hundreds of millions of dollars.” A financial close is expected in early 2025, according to Aecon. VIports will be responsible for financing the terminal projects.