The concession contract to design, finance, build and operate (BOOT) Cuzco’s new Chinchero International Airport, will be awarded by the end of the year, the Peruvian government has announced.
Speaking to BNamericas, Juan Carlos Zevallos, president of transport regulator Ositran, said that the airport project should be ready to go ahead by the end of the year, a few months later than planned.
The date for awarding the tender has already been moved a few times this year because of changes in government and lack of planning. In March Peru's private investment promotion agency ProInversión said it would award the concession to build and run the airport on June 15.
ProInversión later said it was due to receive bids and award the tender in September, shortly after the new President Ollanta Humala took power.
However, then the transport and communications ministry (MTC) suspended the project pending a revision of the planned concession.
Zevallos told BNamericas that the suspension of the concession was due to the project's lack of technical depth and the haste of the former president Alan García's government to complete the project before the end of his term.
He said: “García wanted to sign off on the project, so there was a big rush to get the concession done however possible. But the studies weren’t serious enough and they lacked depth.”
Further studies will be performed over the next few months and the airport project should be ready to go ahead by the end of the year, Zevallos added.
It is expected that the concession will require an estimated investment of $420 million.
As it stands Cuzco's existing airport is the second busiest in Peru, handling around 1.3 million passengers each year.
However, the facility has no room for expansion and is expected to reach saturation in 10 years’ time.
The new terminal will be located in Chinchero, 29km outside of the Cuzco city centre, and is expected to handle around 2.6 million passengers annually by 2021.
At least 16 companies from countries including Brazil, Canada, Spain, the US, France, Mexico and Portugal have expressed interest in the project, according to BNamericas.