Lima Airport’s expansion project sees new passenger terminal added as traffic recovers
On several occasions during the pandemic CAPA has made reference to the importance of overseas investments to Fraport – a company that has seen its investments shift out of China, and one that has abandoned Russia altogether in recent months.
One of its longest-established concession contracts is at Lima, Peru, which it manages via Lima Airport Partners (LAP), in tandem with the International Finance Corporation, a minority shareholder.
An investment of USD1.6 billion there is now to be augmented by the construction of a new terminal.
That investment seems to be late in the day as the 30-year concession was scheduled to expire in 2031.
However, it was extended in 2017 by a further 10 years to 2041, offering LAP – and specifically Fraport – the opportunity to continue to benefit from its presence at one of the biggest and most influential of Latin American airports.
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