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AIRPORT DEAL UPDATE.

In an auction held on March 09, the Government of Honduras awarded a 20-year renewable concession to operate the country's four international airports (Tegucigalpa, San Pedro Sula, Roatan, and La Ceiba) to Inter-Airports, a U.S./Honduran consortium led by the San Francisco International Airport (SFIA). See previous article, p. 13, our April 2000 issue:

The legal and technical framework for the concession was prepared by the international firms Clifford Chance, and Morgan Grenfell, respectively. The U.S./Honduran/Spanish/ Swiss/Peruvian consortium, which faced competition from Canada's YVR Airport Services Ltd. (led by Vancouver Airport Authority) and Spain's Aereopuertos Espanoles y Navegacion (AENA), presented the highest offer to return 39.9% of the concession's total gross revenues to the Government;

The new operator will invest US$120 million in Honduras' airport terminals over the next 20 years, in accordance with capital investment levels mandated in the concession agreement. ?Throughout its first phase, the new operator will handle about one million passengers annually. The operation of Honduran airports by private management will be regulated by a new civil aviation law, which is still pending in Congress.
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Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:2HOND
Date:May 1, 2000
Words:186
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