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Latino Daily News

Monday April 28, 2014

International Consortium to Building Airport Serving Travel to Machu Picchu

A consortium made up of Peru’s Andino Investment Holding and Argentina’s Corporacion America has been awarded a 40-year concession for an airport that will serve Peru’s southeastern Cuzco region, ProInversion, the Andean nation’s private investment promotion agency, said.

Consorcio Kuntur Wasi won the rights to design, build, finance, operate and maintain the new airport in Chinchero, a town on the outskirts of the colonial city of Cuzco, on Friday with a bid of $264.7 million, ProInversion said.

“The expectations are great because we’re going to give Peru an airport that will promote investment and tourism,” Andino Investment Holding CEO Carlos Vargas told RPP Noticias.

He said the airport will have an initial capacity to serve 5 million passengers annually but that total will rise to 8 million in ensuing years, adding that it will have links to destinations in South American countries including Argentina, Ecuador and Chile.

In 2010, that same consortium won concessions for airports in six southern Peruvian regions: Apurimac, Ayacucho, Puno, Madre de Dios, Arequipa and Tacna.

The $658 million project, which includes future expansions, will be co-financed through a public-private partnership.

The new airport will cover an area of 40,000 sq. meters (nearly 10 acres) and will replace the existing Alejandro Velasco Astete air terminal, which serves tourists visiting the the city of Cuzco and the nearby Inca citadel of Machu Picchu and is Peru’s second-busiest.

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