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Palmerola International Airport

New Airport
Completion: in a year (31-Dec-2021)
IATA: n/a
ICAO: n/a
City: Comayagua
Country/Territory: Honduras

Ownership

  • Owner/investor:
    • SAISA
  • Investment (USD):
    • 130,000,000

Capacity

  • Annual (pax):
    • 1,400,000

Dimensions

  • Runways:
    • 2,440m

About

Located 112kms from the Honduran capital, Palmerola International Airport is on the site of Soto Cano Air Base in Comayagua, Honduas. The site is slated to become Honduras' new international airport, serving Tegucigalpa. Following the completion of construction works, the existing facility, Toncontin Airport, will operate as a domestic airport whilst Palmerola serves international services. Spain agreed to provide financial assistance to Honduras for the construction of Palmerola International AirportConstruction of the new airport is budgeted to cost USD163 million. German-Honduran consortium Inversions Emco (Flughafen Munich) were awarded a contract to repurpose the military base into a civilian airport. Construction commenced on 06-Dec-2016 and is scheduled for completion by approximately 4Q2021


Sep-2019. COCESNA announced the Palmerola International Airport construction project is scheduled to be complete from 4Q2021.

Jan-2019. Honduras' commission for the promotion of PPP (Coalianza) announced the USD130 million Palmerola International Airport construction project is scheduled to be inaugurated on 15-Nov-2019.

Aug-2017. Palmerola Internacional Airport SA contracted Banco Atlantida for agent and organiser serviced covering the USD96.5 million credit contract for the design, construction, financing, operation, and maintenance of New Palmerola Airport. Financing for the construction will be provided by Banco Atlántida, Occidente, BANPAIS, PROMERICA, St. Georges Bank, BANRURAL and AFP Atlántida. Construction will be via a public private partnership with Flughafen Munich. The airport is budgeted at USD163 million, out of which USD87 million will be from the private partner, and USD76 million from Honduras Government.

Feb-2017. Honduras' Presidency announced Palmerola Airport is expected to be completed in 18 months. 

Dec-2016. Palmerola Airport commenced construction works on 05-Dec-2016, scheduled for conclusion on Jan-2019 and budgeted at USD163 million.

Nov-2016. Palmerola Airport said repurposing construction commenced with the removal of soil and undergrowth from the site, to make space for the construction workshop and administration building. The provisional perimeter fence construction is scheduled to commence in Nov-2016. 

Oct-2016. Palmerola Airport may commence construction in late Oct-2016 following the completion of land allocation and urban planning. Authorities remain in talks on the relocation of military facilities.

Sep-2016. Palmerola Airport’s initial design is being altered from an 18,600sqm constructed area to 26,000sqm in addition to increasing aerobridges from four to six in total.

May-2016. Honduras Government and EMCO, the company responsible for the repurposing construction of Palmerola Airport, are negotiating the terms of construction and operation of the new airport, alongside the maintenance of operations at Tegucigalpa Toncontin International Airport for non-commercial aviation.

Apr-2016. Honduras awarded EMCO the USD87 million concession for the construction and operation of the Palmerola Airport.

Mar-2016. 

30-Mar-2016. Honduras' Government is expected to sign a concession agreement with Inversiones Emco and Munich Airport for the construction of Palmerola Airport in late Mar-2016 or early Apr-2016.

18-Mar-2016. Spain's Foreign Affairs and Cooperation Minister Jose Garcia-Margallo confirmed that Spain will provide financial assistance to Honduras for the construction of Palmerola Airport. The financial assistance will be in the form of conversion of debt that Honduras has with Spain.

Dec-2015. Honduras awarded the German-Honduran consortium Inversions Emco a concession contract to repurpose the Soto Cano military airbase into a new civilian airport. The USD136 million 30-year concession includes designing, construction, financing, operation and maintenance of the airport, which is intended to replace Tegucigalpa Toncontin International Airport. The airbase is located 75km from the Honduran capital and already features a 2500m runway.

Sep-2015. Spain's Government ratified an investment of USD53 million in the Palmerola Airport construction project. The investment will be made via the conversion of debt that Honduras has with Spain. Spain's Minister for International Cooperation and Latin America Jesus Gracia said the funds will be used to finance "a part of the airport's future technology". 

Apr-2015. Honduras issued a tender request for Palmerola Airport valued at USD135 million. The 30-year concession will be awarded within 90 days according to Coalianza president Erasmo Padilla, who is facilitating the tender process. Airport construction is projected to cost USD105 million.

Mar-2015. Spain's Government will provide approximately USD50 million for the Palmerola Airport redevelopment project, according to Honduras' Ambassador to Spain Juan Orlando Hernandez.

Jan-2015. Honduras President Juan Orlando Hernandez confirmed the government is serious about Palmerola Airport, noting “it will be one of the strategic infrastructure projects” for the country. President Hernandez said the airport will “become a logistics hub of the region.”

Nov-2014. Palmerola Airport's new construction and operation tender will be relaunched in Jan-2015, according to Infrastructure and Public Works Minister Roberto Ordóñez, who said the process would be open to international investors. Unnamed firms from Chile, Mexico and Spain are interested in the project, according to Mr Ordóñez. The USD105 million project was awarded to Honduras' SAISA in Jan-2014 but delays led to the cancellation of the concession.

Oct-2014. The airport's construction concession with SAISA was reportedly terminated by the Honduran Government, who now plan to restart the process by the end of the year, according to Honduras' Public Private Partnership Promotion Commission (Coalianza) director Miguel Ángel Gámez. The concessionaire was reportedly unable to execute the project as per the 30-year concession agreement.

Sep-2014. The project will still go ahead, according to Honduras President Juan Orlando Hernández, who plans to travel to Spain to negotiate a debt conversion to develop the project. The project was aiming for a completion date in 2H2016 when it was due to replace the existing Tegucigalpa airport as Honduras' main gateway, while the chosen site has also been controversial due its distance from the capital.

Jun-2014. The airport's construction is facing significant delays as concessionaire Servicios Aeroportuarios Integrados SA (SAISA) and the Honduran Government have been unable to come to an agreement on the conditions to begin construction. This reportedly stems from a lack of funds from the Government to compensate land owners adjacent to the current Soto Cano Airbase, where the new airport will be constructed, and SAISA being unable to produce project financing guarantees. This means both parties have breached the terms of their concession agreement, while construction was planned to begin in 1H015 though this is now uncertain. New Honduran President Juan Hernández is said to be less keen on the project than predecessor Porfirio Lobo Sosa. The project was aiming for a completion date in 2H2016. The chosen site has been controversial due its distance from the capital.

Jan-2014. Palmerola Airport's 30-year construction and operation tender was awarded to Servicios Aeroportuarios Integrados SA (SAISA), who met "all the technical and economical demands to build and manage the airport", as confirmed by Honduras' Commission for the Promotion of Public-Private Partnership (CALIANZA). The facility is expected to cost USD107 million to construct and feature a 2440m runway to "sufficiently" handle unrestricted narrowbody operations as well as widebody operations with "low restrictions". The works also include construction of a control tower, "comfortable" passenger and cargo terminals and access roads. The airport will be constructed on the site of Soto Cano Air Base in Comayagua, 70km from the capital Tegucigalpa. The airport is reportedly expected to be complete by 2H2016. SAISA was the sole bidder for the project, after an unnamed Colombian party failed to meet the submission deadline.

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