airport deal

Peru – Lima (Jorge Chávez)

Operator // Lima Airport Partners (LAP)

Overview

Overview

In mid-2017, LAP reached an agreement-in-principle with the Peruvian gov’t to amend the original 2001 LIM concession agreement, to facilitate the USD1.5b LIM expansion program, including a new terminal and second runway. Land acquisition issues had hampered the expansion plans for the past several years. In Jul. 2017, the parties finalized the 7th Addendum of LIM Concession Agreement to formalize the key terms of the 10-year concession extension and capital expansion program. In 2018, LAP selected FCC Construction, Salini Impregilo and AECOM LIM to construct the LIM expansion work. In mid-2018, IFC and ACC engaged Morgan Stanley as sell-side advisor to assist in marketing the sale of their collective 29.99% stake in LAP. In early Jan. 2020, LAP announced that construction of the new control tower and second runway are on track for completion in 2022, with the new terminal targeted for 2024. In early Jun, 2020, it was reported contruction of the new tower was awarded to the Wayra consortium, comprised of Ferrovial, Acciona and JJC.

23,723,200
187,600
370,450,600

Cargo (tonnes)

Airport Details

Included Airports

Airports

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Peru

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Deal has been archived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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