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

Countries
  • Peru
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 21, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Lima Airport Partners S.R.L.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

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Investment Description
Here you can find a list of individual development financial institutions that finance the project.

How it works

How it works