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Lima Airport Companions (LAP), a part of the Fraport Group since 2001, at the moment signed a US$ 1.25 million challenge financing settlement.
This settlement is for the infrastructure growth in progress at Lima’s Jorge Chávez Worldwide Airport (LIM) in Peru. The financing is being offered by seven banks: BBVA, IDB Make investments, KfW IPEX Financial institution, Mitsubishi UFJ Monetary Group (MUFG), The Financial institution of Nova Scotia, Société Générale, Sumitomo Mitsui Banking Company (SMBC). Fraport’s and LAP’s finance groups managed the transaction, whereas SMBC acted as monetary advisor.
Fraport AG’s CFO, Prof. Dr. Matthias Zieschang, underscored the significance of the financing: “This can be a landmark transaction. We’re happy by the continual sturdy demand from the worldwide capital markets for financing Lima Airport strategic growth. Greater than ever, well-managed aviation hubs like Lima are extremely considered essential infrastructure and dependable long-term investments. This privately financed infrastructure growth underscores our dedication to the long-running Lima airport concession and to Peru. We’re confidently reworking the Lima hub with future-oriented, versatile, and sustainable infrastructure to fulfill the aviation challenges within the a long time forward.”
LAP’s airport enlargement is strategically important for Lima, Peru and South America, in addition to for the worldwide aviation business.
Along with overlaying the continued building prices, the brand new challenge financing will likely be used to repay the US$ 450 million financing obtained by LAP in 2020. Already accomplished and within the technique of supply to the Peruvian Authorities, the airside enlargement options the second runway, a brand new ATC tower for full protection of the enlarged airfield, taxiways, a firefighting station, plus different ancillary amenities.
LAP contracted the Inti Punku consortium, composed of building corporations SACYR of Spain and Cumbra of Peru, as common contractor for the EPC (Engineering, Procurement and Development) for the development of the brand new passenger terminal constructing, to start its operation by January 2025. The quickly advancing building works embody the brand new passenger terminal itself, together with key supporting infrastructure reminiscent of plane parking stands, a utilities complicated, entry roads and public parking.
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