Wednesday, July 17, 2024
Lima to receive second runway as part of major expansion

Lima to receive second runway as part of major expansion

Lima’s Jorge Chavez International Airport is to undergo a major expansion including a second runway following the Peruvian government signing an amendment of the 2001 Lima Airport Concession.

The Fraport majority owned company, Lima Airport Partners signed the amendment with the government, making it possible to move ahead with a major expansion program, scheduled to begin in 2018 with an investment of about $1.5 billion.

The development calls for a second runway – to be built first – as well as infrastructure upgrades and a new passenger terminal.

Fraport executive board chairman, Dr Stefan Schulte says: “This step forward is critical for Lima Airport’s continuing success as a win-win concession for all. One of the most successful airports in Fraport’s global portfolio, Lima has consistently achieved strong growth, a high level of customer service and recognition, and it offers great potential for Peru and South America.”

Lima Airport Partners chief executive officer, Juan José Salmón says: “This comprehensive and mutually beneficial agreement with the Peruvian government will provide the necessary land and framework for advancing our major expansion of Lima Airport.  We are proud of the achievements made during the first 16 years of the Lima Airport Concession.”

The Peruvian government granted Lima Airport Partners the concession to operate and expand Lima Airport in November 2000, officially commencing on 14 February 2001, with the concession running until 2041.

Fraport has a majority stake of 70.01 per cent, followed by IFC International Financial Corporation at 19.99 per cent and AC Capitales SAFI with 10 per cent.

Lima Airport Partners has paid out about $1.9 billion in contributions to the Peruvian state while capital expenditures have reached $373 million.

It is served by 35 airlines flying to 23 domestic and 46 international destinations, with European carriers including Air France, British Airways, KLM and Iberia, and South American carriers including LATAM and Avianca.

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