Government’s announcement of an airport terminal agreement with the Canadian Commercial Corporation provided “little detail and raises many questions”, Shadow Finance Minister David Burt said.

Finance Minister Bob Richards said on Monday that further details would emerge as the agreement develops. Government approached CCC, based on advice, he said.

However, Mr Burt questioned why there had been no international bidding process or public tender process.

He asked whether the UK government had signed off on the agreement. According to Premier Michael Dunkley, Government House was not consulted.

And Mr Burt also queried what Mr Richards had meant in referring to a “Bermuda Airport Authority” while announcing the deal. Currently, LF Wade International Airport is run by the Department of Airport Operations.

The redevelopment is to be operated under a public-private partnership (PPP), the same type of agreement used to build King Edward VII Memorial Hospital’s new acute care wing, which the Shadow Minister said came with “advantages and disadvantages”.

“While there is no money required up front, Bermuda may be giving away in excess of $25 million in revenue each year to pay for this project for many years to come,” he said. “Though the building may cost $200 million, depending on the length on the project, Bermuda could end up paying in excess of $400 million.”