Chile has awarded the El Loa Airport concession to local firm Agunsa, according public works minister, Hernan de Solminihac.
Agunsa was one of three firms that did not request a state subsidy for the project, the minister said.
The firm's proposal established a total concession revenue $24.6 million. Once revenue from the airport reaches this amount, the concession will revert to the state.
Five companies submitted technical and economic bids for the project. The other four bidders were Echeverria-Izquierdo, Azvi Chile, Besalco and consortium A-Port Chile–Icafal.
Agunsa will have a 90-day period to form the new firm that will operate the airport – located in northern city Calama – taking over from current concessionaire A-Port.
The new concession contract is scheduled to begin on April 12, 2011, after which the company will be expected to upgrade the airport’s existing facilities and build a new passenger terminal and ATC tower.