Bermuda's controversial contract to build a new airport terminal has won an international "deal of the year" award.

The public-private partnership (PPP) contract was awarded 2017 North American Deal of the Year at a ceremony in New York organised by London-based IGlobal Magazine, a top specialist publication in project finance and construction.

Bob Richards who was finance minister when the One Bermuda Alliance was in power and spearheaded the project amid public protests, said the news had "put a smile on my face".