Business View Caribbean l March 2023

96 Other partners include tourism, transport, and aviation government agencies. Business View Magazine: Let’s talk about infrastructure improvement projects the authority is undertaking in 2023 and beyond. Godfrey Smith: The Turks and Caicos Airports Authority are at the cusp of the most extensive development it will do in the next half a century, centering on the redevelopment of the Providenciales airport. We are currently at the administrative level of these developments but should have shovels in the ground before the end of the year. include constructing a new terminal building, adding parallel taxiways, expanding the apron and gate, and short-term The terminal will handle 1.3 million passengers this year, and we are unquestionably over the capacity limits of the existing facility. We are also planning to build a new control an entire fence line at Grand Turk Airport, $3.5 million to redo runway surfacing, and over $50 million for upgrades to allow international general aviation and light commercial and We’ve got our hands full, and all these projects are primarily funded through the various revenue drivers I mentioned earlier, like passenger taxes and concessions. Besides these big infrastructure projects, the authority self-funds its annual operating budget of $17 million to run the various airports in the Turks and Caicos. Business View Magazine: Let’s discuss the future of the authority. You have major infrastructure