ACI urges Latin American and Caribbean states to relax concession conditions to mitigate COVID-19

ACI Latin America and the Caribbean urged (23-Apr-2020) states from the region to consider the following measures to mitigate the impact of the COVID-19 pandemic:

• Relax conditions of payment of the concession fees. The exemption or delay of concession fee payments, or even the extension of the duration of concession contracts are alternatives to consider;
• Review infrastructure investment requirements, particularly in order to comply with level of service obligations or projects which are not immediately required by the industry;
• Temporary relief from compliance with quality of service obligations. Airports are experiencing unprecedented operational circumstances which are putting undue pressure on operators. Consequently, regulators should relax quality of service obligations until operations return to normal. [more - original PR]