Chile's President Sebastian Piñera and Public Works Minister Loreto Silva launched (25-Jun-2013) Phase 1 of Santiago International Airport's renovation and expansion project. The first phase will increase airport capacity from nine million passengers p/a to 16 million passengers p/a by 2015, and involves the construction of new international and domestic departures areas, modification of the international and domestic arrivals areas, the installation of a new baggage handling system and an increased police presence. Works will cost USD60 million and will be complete in one year. Mr Silva said, "This project will solve the short term needs that this terminal has due to higher air passenger traffic, which in the last year increased by 17%. With these Phase 1 works, we will be able to expand Santiago Airport infrastructure in crucial sectors to deliver an adequate service more efficiently." As previously reported by CAPA, the tender for the new concession which includes the construction of a new terminal is reported to be attracting interest from 26 parties, and is expected to be launched in 2H2013. The airport's overall expansion will boost capacity to 29 million passengers p/a by 2030. [more - original PR - Spanish]
Chilean President launches Phase 1 of Santiago Airport renovation and expansion project
You may also be interested in the following articles...
Attractive airport infrastructure deals in Latin America. Part 1 - Santiago Airport Terminal
The Latin American continent is experiencing a great deal of both construction and privatisation activity in the airport sector.
In Feb-2015 the Chilean government selected a consortium for the concession of the Santiago Arturo Merino Benítez International Airport by which a new terminal will be built at the capital city airport of a country that is quickly gaining in importance regionally and globally.
As that procedure comes to a conclusion preparation work is already under way for the construction of the new Mexico City airport, one that was long delayed but which is being spoken of in some quarters as “probably the most advanced modern airport project worldwide.” This report some details both of these important projects.
Latin America airport construction and investment activity continues - but Brazil slows
Latin America continues to provide new infrastructure to cope with the projected growth, but while there the continent accounts for 14% of the world's airport projects, that translates to only 4% of the investment dollars, according to CAPA's Airport Construction & CAPEX database.
Brazil was the centre of much attention in 2012-2014, with high cost airport privatisations, failure to complete some construction projects for the World Cup and latterly the re-election of the incumbent left-leaning President, Dilma Rousseff. But, in response to a public backlash against the spending, this may well signal a delay to the privatisation progress there for now until a review into the structure of Infraero is completed.
But the airport construction and investment activity elsewhere across the Latin American continent is attracting worldwide attention.
The following report measures the scale and nature of development and describes individual construction jobs and transactions.