Chinchero International Airport PPP

Overview:

• Chinchero International Airport PPP
• The Kuntur Wasi consortium, formed by Corporación América and Andino Investment Holding, was awarded a 40-year concession to develop and operate the Chinchero International Airport on a public-private partnership basis (PPP). 
• The contract was canceled in May 2017, in part due to concerns over raising financing.
• Chinchero was going to replace Velasco Astete Airport, which is exceeding its recommended passenger capacity. 
• Goldman Sachs, Sumitomo Mitsui Banking Corporation, Intesa Sanpaolo and Scotiabank were in negotiations to finance the airport's development. 

Rani Mehta - Journalist