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NEWS Last modified on November 9, 2010

Cuzco's new airport to cost $350 million

Private investors interested in building and operating Cuzco’s planned new airport will be expected to invest at least $380 million on the new gateway....

Private investors interested in building and operating Cuzco’s planned new airport will be expected to invest at least $380 million on the new gateway, according to Peru’s private investment promotion agency, ProInversion.

The figure is $30 million more than ProInversion predicted just a month ago, and the rise is possibly down to the Peruvian government’s desire for the terminal's design to match Cuzco’s status as the former capital of the Incas and gateway to the UNESCO world heritage site of Machu Picchu.

In reality this means a LEED certified terminal with architecture that “blends in with the historical buildings around Cuzco,” according to ProInversion’s project manager for the airport, Bruno Leoni.

ProInversion is not expected to announce the winner of the 30-year concession to finance, build and operate the new airport until the fourth quarter of 2011.

If all goes to plan, the new airport will be located 28 kilometres from downtown Cuzco and replace today’s Copac operated Alejandro Velasco Astete International Airport.

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