By Dominic Welling
Total investments in Lima’s Jorge Chávez International airport, will come to more than $1 billion, according to Peru's transport and communications ministry.
Lima Airport Partners (LAP) has been granted the concession contract to carry out the project, which involves building a second passenger terminal and adding a new landing strip.
Meanwhile, the Peruvian government is set to wrap up an arbitration award in June to occupy land on the former San Agustín estate, which will be used for the expansion.
Under the terms of the concession contract, the government has until 2013 to transfer all of the land needed for the project to LAP, however according to the transport minister Enrique Cornejo, this could be finalised by the end of this year.