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Lima Airport gets $1.25bn loan to fund big expansion

Jorge Chávez International serves around 22 million passengers a year. It will get a new runway, terminal, and air traffic control tower (Peru’s Ministry of Defence/CC BY 2.0)
Lima Airport Partners has borrowed $1.25bn for a major upgrade of Jorge Chávez International Airport in Peru’s capital.

The company, which runs the airport on behalf of Frankfurt Airport Services (Fraport), plans to build a second runway, a passenger terminal, a new air traffic control tower, and a utilities complex. 

Seven banks in Europe, Japan and Canada are providing the finance. Money raised will also be used to repay a $450m loan obtained in 2020.

“More than ever, well-managed aviation hubs like Lima are highly regarded as critical infrastructure and reliable long-term investments,” said Fraport’s chief finance officer Matthias Zieschang.

A consortium called Inti Punku will do the work. It is led by Spanish contractor Sacyr and its Peruvian partner Cumbra. The terminal is expected to enter service in 2025.

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