AIRPORT DEAL UPDATE.
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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|Article Type:||Brief Article|
|Date:||May 1, 2000|
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