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.
Further reading:
Story for GCR? Get in touch via email: [email protected]
