Lima Airport Mini-perm (IDBI-12192-03)

Countries
  • Peru
Where the impacts of the investment may be experienced.
Specific Location
Lima
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 21, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Lima Airport Partners S.R.L.
The holder of the loan, grant, or other investment.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Aug 11, 2021

Disclosed by Bank Jun 4, 2021


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Project Description

Lima Airport Partners S.R.L. ("LAP" or "the Company") is the exclusive concessionaire to build, operate and maintain the Jorge Chávez International Airport (“AIJC” or “Lima Airport”), the main facility airport for the movement of cargo and passengers with national and international destinations in Peru. The AIJC is located in the Constitutional Province of Callao, and is the gateway to the country (85% of traffic international passenger O / D) and a very important hub for South America. Lima Airport is one one of the most important in the region, since it links Lima with 19 national and 24 international destinations, and serves 16 airlines.

 

In 2015, LAP began the development of the conceptual design of the AIJC expansion. After the delivery of the land in October 2018, LAP started construction in 2019. The expansion project is divided in 3 Work Packages (“WPs”). To date, the first work package (WP1) corresponding to earthworks and demolitions has been completed; the second (WP2), which includes the construction of a new control tower and an airstrip, is in progress and is estimated to be completed in July 2022; and the third (WP3), which contemplates the design and construction of a new passenger terminal and aircraft platforms, will be awarded to a Contractor in August 2021 and its construction is expected to be completed in approximately 38 months later. The total cost of this expansion is estimated at approximately $ 1.7 billion Dollars.

 

This operation will finance the design, development and construction of the new terminal for passengers and the maneuvering platform for the aircraft, as well as the cancellation of a loan existing bridge acquired by LAP for the execution of the initial works (as a whole “the Project”).

People Affected By This Project

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Investment Description