Friday 16 May 2008, San José, Costa Rica

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San José Airport  Terminal Could Be Finished In a Year
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San José Airport  Terminal Could Be Finished In a Year
The consortium lead by Houston Airport System Development Company (HASDC) says it will complete the construction of the San José airport terminal if given the nod by the Ministerio de Obras Públicas y Transportes (MOPT), according to Karla Gonzalez, MOPT minister.

HASDC purchased the shares of Alterra Partners who has been managing and constructing the Juan Santamaría since 2001 and with its partners, ADC Management from Canada and Andrade Gutiérrez Concesiones (AGC) from Brazil, it plans to complete the work within 12 to 14 months and manage the airport more effictively.

HASDC president, Jeffrey Scheferman, said that the company will inject us$25 million dollars of its own money to complete the construction of the terminal, which is to include additional gates, a new office for immigration and customs and more space for shops and offices.

The final decision to give HASDC the contract is up to the Consejo Técnico de Aviación Civil (CTAC) - Civil Aviation - failing which it will have to assume the airport operation.

The completion of the terminal also hinges on the obtaining of a us$48 million dollar loan from the Banco Centroamericano de Integración Económica (BCIE). Alfredo Ortuño, BCIE president, said that the bank is "very interested" in the project.

The loan is in addition to the us$90 million dollar debt run up by Alterra.

HASDC has come under criticism by the International Air Transport Association, saying that the company is responsible for the high cost of the Quito, Lima, airport it has been managing since 2001. The IATA says that HASDC has converted the Quito airport into one of the most expensive in Latin America.

HASDC is the financial arm fo Houston Airport System that currently runs three airports in Houston with a combined passenger traffic of 58 million people a year.

Once the CTAC has approved the HASDC proposal, all that remains is the review of the contract terms by the Órgano Fiscalizador del contrato de Gestión Interesada (OFGI) and the approval of the Contraloría (Comptroller's office) on the transfer of Alterra's shares to HASDC.

According to Viviana Martín, president of CTAC, the government does no time limit to review the proposal.

Notwithstanding, HASDC has already begun looking for builders in Costa Rica. According to Scheferman, the builders will have to be ready to start work "immediately".
 
 

 

 

 
 

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