Refinancing process started for Lima airport PPP concession

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Lima Airport Partners, the consortium responsible for the development and maintenance of Jorge Chávez International Airport in Lima, has requested a US$200 million loan from IDB Invest to finance the design, development, and construction of the new passenger terminal and aircraft apron, as well as the repayment of an existing bridge loan acquired by LAP for the execution of the initial works.

The expansion of the airport is divided into 3 work packages, from which the first work package (WP1) for earthworks and demolition has been completed.  The second package, which includes the construction of a new control tower and runway, is in progress and is expected to be completed in July 2022. The third work package includes the design and construction of a new passenger terminal and aircraft aprons and will be awarded to a contractor in August 2021. Construction is estimated to take approximately 38 months.

The total cost of this expansion is around US$1.7 billion.

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