Monday, August 1, 2011

Peru going to expand Lima airport

Lima Airport Partners S.R.L. -- a consortium comprising Fraport AG (Frankfurt Airport Services Worldwide), the U.S. construction firm Bechtel Enterprises International Ltd., and the Peruvian construction company Cosapi S.A. -- officially took over Lima's Aeropuerto Internacional Jorge Chávez (airport code = LIM) today. The Peruvian government privatised Lima Airport last November when it awarded a 30-year concession for Lima Airport (with an option to extend) to the Fraport-led consortium. The three consortium partners founded the Peruvian registered company called Lima Airport Partners S.R.L. to implement this project. The goal is to modernise and expand the capacity of Lima Airport in the coming years and to offer high standards of service to passengers and aviation customers. At the same time, the airport will serve an attractive calling card for Peru and Latin America.

Fraport AG has paid out $6.4 million for its 42.75 percent share of the capital stock in the new company. Fraport AG will select two of the five supervisory board positions of Lima Airport Partners S.R.L., as well as two of the three management positions. Recruiting is in progress, with most of the approximately 150 airport employees of the airport authority receiving employment contracts from Lima Airport Partners S.R.L. For the transition phase, Fraport AG has assembled a project team of over 20 specialists: from Fraport itself, Fraport's Deutsche AeroConsult GmbH subsidiary, as well as several external staff.

Developing Lima as a leading Latin American gateway:

Passenger and cargo traffic at Lima Airport is expected to more than double by the end of the decade. Frankfurt know-how will play a significant role in modernising and expanding Peru's international air transportation gateway in the years to come. Optimising the airport infrastructure is an urgent priority for Peru. Along with implementing high international aviation standards, Lima Airport Partners S.R.L. plans to offer passengers a modern and economically successful airport. The airport will serve an attractive calling card for this fascinating Andean country and the surrounding region. Peru's vast tourism potential and its strategic geographic location are considered important advantages for developing Lima as a leading Latin American gateway.

A growing number of holidaymakers are taking out travel insurance and heading off to Peru to see its biggest attractions such as the magnificent Inca citadel of Machu Picchu and nature reserves around the Amazon.

The country is now working to upgrade its transport infrastructure to cater for the growing number of visitors.

The Jorge Chavez International Airport in Lima will get a second runway and terminal under a project outlined by transport minister Cornejo Ramirez, according to news agency Andina.

Lima Airport Partners, which manages the facility, has be granted 190,000 sq m of land for the expansion, and construction work is expected to start some time early next year.

However, there are still some issues to be resolved including the rehabilitation of some communities living around the airport area.

Mr Ramirez said he hoped the project will continue to receive support from the next government. Peru's president-elect Ollanta Humala is due to take charge later this month

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