Winner for Puerto Rico airport P3
Currently operating nine international airports, Aerostar and its partners are industry leaders in aviation infrastructure and have proven experience in revitalising transportation and managing PPPs.
The company will invest approximately US$1.4bn in capital improvements to improve the Luis Munoz Marin Airport, the Caribbean’s busiest port, increase aviation services and upgrade its infrastructure.
In addition, the partnership, in conjunction with the Puerto Rico Ports Authority will ensure no jobs are lost, despite recent protests from local airport staff.
The government estimated in excess of US$2.6bn in revenues over the 40-year P3 lease.
The closing of the lease remains subject to a conditions precedent, including the award of a Part 139 operating certificate on aircraft carrier requirements, issued by the Federal Aviation Authority.