Corporación América Airports Announces Recent Developments in Uruguay
Receives approval for investment projects at
Extends Punta del Este concession term by ten years through 2043
LUXEMBOURG--(BUSINESS WIRE)--May 16, 2024--
Corporación América
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On
May 15 , PdS signed an amendment to its concession agreement to include part of the building of the old passenger terminal of theCarrasco International Airport into the concession, in which PdS plans to invest approximately$5.5 million to expand its cargo activities, in particular, pharma and courier. As part of the agreement, PdS will pay an additional fee as compensation for the new activities carried out in the aforementioned space.
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On
May 15 , PdS signed an amendment to its concession agreement to invest in a new Instrument Landing System (ILS) category IIIb, similar to those utilized in the world's major airports. This system will enable aircraft to land safely in adverse weather conditions, thereby enhancing air connectivity, increasing predictability for airlines, and providing a competitive advantage for aviation development. The amendment includes a tariff adjustment (approach fee) that will be charged by PdS.
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On
May 15 , CAISA signed an amendment to its concession agreement that includes the extension of the term of the concession agreement for a ten-year period from 2033 through 2043, the removal of certain investment projects from the previous agreement, and a new commitment to invest$3.0 million within the period of 2024-2026.
“We are pleased to have received approval for these projects at the
About Corporación América Airports
Corporación América Airports acquires, develops and operates airport concessions. The Company is one of the leading private airport operators in the world, currently operating 52 airports in 6 countries across
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Investor Relations Contact
Email: patricio.esnaola@caairports.com
Phone: +5411 4899-6716
Source: Corporación América Airports