airport deal

Costa Rica – Orotina

Operator // tbd

Overview

Overview

In Jun. 2017, the Costa Rican gov’t announced plans for a new USD$3.5b airport development with private sector participation. Located in Orotina, roughly 60km west of San José in the province of Alajuela, the first stage of the project is targeted for completion by 2027 with an initial investment of USD$1.9b. Three additional phases are planned, with final completion by 2047. Traffic forecasts project 7.8m pax/year in the opening year, growing to 20m pax/year by 2047. The project stalled due to a change in gov’t in 2018, however in early Nov. 2019 sitting President Carlos Alvarado indicted that his new gov’t will engage advisors to to re-study the project in order to plot the future of the project, which is expected to negate the report commissioned under the previous gov’t, completed Mott-MacDonald, at a cost of USD1.5m. Studies conducted prior to COVID19 indicate that the San José – Juan Santamaría Airport (SJO) is capable expanding capacity to meet anticipated traffic demand up to 2040.

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Cargo (tonnes)

Included Airports

Airports

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Costa Rica

1 airport

Transaction Stage

Stage

Deal has been archived

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Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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