Icafal Inversiones S.A has submitted the best bid for the Carriel Sur airport terminal public private partnership (PPP) project in Chile.

The offer includes an 18.02% of the total income to be shared with Dirección General de Aeronáutica Civil, the airport authority of Chile. The team beats out competition from Consorcio Aeropuertos Asociados, a team formed by A Port Chile and Flughafen Zurich AG, which submitted a bid to share a 16.47% of the total income with the airport authority.

The new concession includes, among others, the extension of the passenger terminal building to double its capacity from 1 million passenger to 2 million passenger per year, a new car park, new infrastructure for management and services and a new control tower.

The total project investment is estimated at US$42 million. The concession will run for a period of 15 years.

The airport, which currently operates under the concession model, is located 5 km northwest of the city of Concepcion. It has a strategic location within the national network of airports, due to the associated high demand, which relates mainly to industrial, forestry, fisheries, manufacturing, tourism and services present activities in the area.