The Nuevo Pudahuel consortium – comprising Aéroports de Paris (45%), VINCI Airports (40%) and Astaldi (15%) – will officially assume responsibility for operating and developing the gateway on October 1 this year.
Current operator SCL, whose deal runs out on September 30, chose not to bid for the 20 year concession.
Nuevo Pudahuel is expected to upgrade the airport's existing facilities and fund, design and build a new 175,000sqm international terminal to raise its capacity to up to 45mppa during the course of the concession.
A total of 16.1 million passengers used Arturo Merino Benítez International Airport in 2014 to confirm its status as the sixth busiest gateway in South America.
Building works will be executed by Astaldi (50% of conception-construction pool) and Vinci Construction Grands Projets (50%).
Aéroports de Paris (ADP) chairman and CEO, Augustin de Romanet, enthuses: "The acquisition of this concession rewards the close collaboration between the teams from Aéroports de Paris, particularly our Aéroports de Paris Management and ADP Ingénierie subsidiaries, and our partners VINCI Airports and Alstadi. Santiago de Chile ranks among Latin America's most dynamic regional hubs, with average annual growth in passenger traffic of +10% over the past 20 years.
"This airport offers strong potential for growth and the creation of new routes that will enable it to become one of the main entry points to Latin America from Europe, the United States and soon, from Asia.
"This project, which is consistent with our international strategy, will allow Aéroports de Paris to make full use of its expertise as a major airport operator and its engineering know-how."
While VINCI chairman and CEO, Xavier Huillard, says: "Together with Aéroports de Paris and Astaldi, we have worked long and hard over a period of several months to put together the best possible proposition for the new concession, as much from the passenger's point of view as that of the authorities.
"We have very high ambitions for Arturo Merino Benitez Airport, and this project will now spearhead our airport strategy on the South American continent.
"Working jointly with Aéroports de Paris, our task will be to assist and encourage the development of passenger traffic whilst ensuring that standards of service are raised to the highest international standards."
He adds: "This success is also that of our construction subsidiary, VINCI Construction. Together with Astaldi, they will have the responsibility of ensuring that the new 15 million passenger terminal will be completed by 2020.
"All the expertise and know-how of our consortium, together with that of our Italian partners, will be focused on this major project; a project which is not only fundamental to the success of our mission as concession holder, but also fundamental to the country as a whole, its sphere of influence and its population."
The consortium offered the government the highest revenue share.