Cusco airport concession to be awarded

Peru's private investment promotion agency ProInversión is set to award the US$658 million Cusco airport concession on 25 April. There are currently seven prequalified consortiums, including firms from the US, France, Germany and Korea. However, the names will not be released until the economic and technical bids are presented on 22 April. The 40-year, co-financed concession for Cusco's Chinchero international airport involves the design, construction, financing, operation and maintenance of the facilit
April 11, 2014 Read time: 1 min
Peru's private investment promotion agency ProInversión is set to award the US$658 million Cusco airport concession on 25 April. There are currently seven prequalified consortiums, including firms from the US, France, Germany and Korea. However, the names will not be released until the economic and technical bids are presented on 22 April.

The 40-year, co-financed concession for Cusco's Chinchero international airport involves the design, construction, financing, operation and maintenance of the facility. The terminal will replace Cusco's existing Alejandro Velasco Astete terminal and is expected to handle 2.6 million passengers annually by 2021.

This will be the ProInversión's second big infrastructure project to be awarded this year, following the US$6.5 billion Lima metro line 2 concession in March.

Related Content

  • Ukraine, Poland ‘boast the most modernised infrastructure in eastern Europe’
    November 13, 2012
    Preparations for hosting the major sporting event, the Euro 2012 European football championship, enabled Ukraine and Poland to give their infrastructure the biggest facelift in the region and beyond. While three-quarters of Poland's expenditure was covered by EU funds, Ukraine financed the building of roads, hotels, and airports itself. Ukraine, however, did receive a EUR 2.2 billion loan from the European Bank for Reconstruction and Development (EBRD). "The infrastructure sector will definitely remain one
    Read More
  • Canada’s infrastructure sector set to be one of the best performing
    November 20, 2013
    In their latest findings on Canada’s infrastructure sector, Business Monitor has revised down their outlook for the overall construction industry in Canada for 2013 to 2.2 per cent. This is being driven by a sharper than expected contraction in industry value creation from the residential and non-residential building segment. Despite this, they anticipate a slight pick-up in the second half of the year will ensure that subsector maintains positive growth. On the other hand, infrastructure will post another
    Read More
  • EU releases funds to improve European transport connections
    September 12, 2014
    The European Commission has released US$15.3 billion of EU funding to improve European transport connections and invited Member States to propose suitable projects to use the funding. Proposals must be submitted by 26 February 2015. EU financing for transport has tripled to US$33.6 billion for the period 2014-2020, compared to US$10.3 billion for 2007-2013, under the new Connecting Europe Facility (CEF). This is the first tranche of the new funding for transport to be made available. The funding will
    Read More
  • EU defines and limits scope of tolling concessions
    September 16, 2014
    New regulations are set to standardise the process of awarding concessions across the European Union. In the wake of several inconsistent judgements at the European Court of Justice, the European Commission has approved new legislation that defines a concession. The basic demarcation from a public contract remains the same in that concessions include the right to exploit the work or services provided instead of payment. However, at the point of signing, the regulations impose an all-inclusive threshold of €
    Read More

Highlighted Content