Construction of the new Quito International Airport is expected to resume later this month paving the way for a November 2011 opening, according to local press reports.
The $640 million gateway was due to open in October 2010 but the date slipped while the Ecuadorian government sought to renegotiate the terms of construction contract and a new financing deal was put in place.
The new airport being built by Quiport will have a 4.1 kilometre runway and be equipped to handle more than five million passengers and 270,000 tonnes of cargo each year.
Quiport – which awarded a 35 year-concession contract – comprises Canada’s Airport Development Corporation and the Aecon Group, Brazilian company Andrade Gutierrez and Texas-based HAS Development Corporation.
The Ecuadorian government is set to receive nearly $900 million from the concession.