Peru awards six airports for $257m

Aeropuertos Andinos, an Argentine-Peruvian consortium, has won the 25-year concession to modernise and operate six airports in the south of Peru.

An Argentine-Peruvian consortium has won the concession to modernise six airports in the south of Peru, the country’s transport ministry announced yesterday.

Aeropuertos Andinos del Peru (AAP) – comprising Argentina’s Corporacion America, the operator of 48 airports across the world, and Peru’s Andino Investment Holding, a vehicle of several Peruvian logistics firms – has signed a 25-year concession agreement with the government to upgrade and operate airports in Arequipa, Ayacucho, Apurimac, Madre de Dios, Puno and Tacna.

The consortium has pledged to invest close to $257 million in the airports over the life of the concession contract with $48 million to be invested during the first three years of the concession. The winning team will also receive over $76 million in fees from the Peruvian government over the 25-year contract.

Carlos Vargas, the head of AAP, told Reuters that the consortium may also bid for the concession for a new airport in Cusco, to serve the South American country’s most important tourist destination.