Corporacion America joins Morgan Stanley for Santiago's airport concession

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Corporacion America joins Morgan Stanley for Santiago's airport concession

Corporación América, owned by Argentinian millionaire Eduardo Eurnekian, and Morgan Stanley Infrastructure plan to bid together Santiago airport concession in Chile, according to sources. Both firms could be looking for a local partner to join the consortium.

The call for companies to prequalify for the tender process was made on February 19, 2013.

The concession includes the development of a new international passenger terminal at the gateway, the remodelling and expansion of the existing domestic passenger terminal, the construction of more than 4,000 new parking spaces in a multi-storey car park, and a number of landscaping projects.

The concession will require investment of $716 million.

Beginning in September 2015 when the current concession comes to an end, it will be for a period of 15 years lasting until 2030.

The project aims to triple Arturo Merino Benitez International Airport's capacity to 29 million per year by 2030. The current airport infrastructure has a capacity of just 9 million passengers.

Once the concession has been awarded, there will be a one-year period for engineering development, followed by four years of construction works.

According to the MOP, the airport handled nearly 14 million passengers in 2012, despite only having capacity for 9 million.

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