South America's 'first airport city' to be developed at Lima's Jorge Chavez International

[Judi Lynn]

November 22, 2018

Lima Airport Partners (LAP) recently announced that Lima Jorge Chavez International Airport’s expansion project seeks to develop “the first airport city in South America.” (There is actually one already operational in Belo Horizonte in Brazil). LAP added that the project seeks to create synergies between Lima and the airport, generating new economic zones such as logistics and cargo zones, business zones, transport zones and duty free zones. The project is valued at around USD600 million.

The airport operator was due to make a formal announcement at the Expo Real Estate 2018 convention, on 20-Nov and 21-Nov-2018. “New opportunities will open for national and foreign investors, thanks to the Construction of the new Jorge Chávez International Airport” it said.

LAP is a limited liability company, founded in Feb-2001 and which held a 30-year concession to operate the airport, subsequently extended to 40 years. An additional 10-year extension is at the discretion of LAP with the concession then set to run until 2051. It is a fair bet that the Peruvian government is satisfied with this concession.

It is currently 70% owned by Fraport, 20% by the International Finance Corporation and 10% by the Fund for Investment in Infrastructure, Public Services and Natural Resources, managed by AC Capitales SAFI S.A. US construction group Bechtel, Peruvian construction company Cosapi SA, and Latin America based operator Alterra Holdings have at various stages exited ownership.

More:
https://blueswandaily.com/south-americas-first-airport-city-to-be-developed-at-limas-jorge-chavez-international/