Andina

Peru: Investment commitments in airport PPP projects exceed US$2.5 billion

13:05 | Lima, Sep. 22.

Investments in public-private partnership (PPP) airport projects have revamped the infrastructure, by improving quality and passenger service capacity, which has boosted tourism and related activities, foreign trade, as well as regional connectivity, and has revitalized economic activities too, the Private Investment Promotion Agency (ProInversion) has reported.

According to the State-run agency, there are three concessions in force at 18 airports in total, which represent an investment commitment of more than US$2.5 billion.

The Jorge Chavez International Airport constitutes the most important concession, with an investment commitment of US$2.261 billion, which involves the construction of a second runway and other infrastructures, currently under implementation.

ProInversion recalled that this air terminal was awarded in concession in 2001, which improved the international connectivity of the country, making it a hub for air transportation in Peru.

The concession of regional airports started in 2006, which served to decentralize the airport infrastructure, as well as to connect the country and the flow of tourists with 17 regions.

"The First Group of Regional Airports was awarded in concession this year, which includes 12 airports in the north and center of the country, and the Second Group of Regional Airports —comprising five airports in the south of the country— was given in concession in 2011," the investment promotion entity pointed out.

Positive experience

According to ProInversion, the airport sector's experience in PPP projects has shown positive outcomes.

Thus, thanks to private investment, the airport infrastructure was revamped, which improved the quality of the service at airports and made the country more appealing for tourists.

(END) NDP/VLA/RMB/MVB

Published: 9/22/2021