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5th Edition // August 2005
 
 
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BOGOTA´s AIRPORT: Concession Contract

The Government through the Aerocivil (the equivalent of the FAA) has announced it will award a concession for the operation of Bogota´s Eldorado airport.

Eldorado International Airport is the leading airport in Colombia, and one of the most important in South America. Passenger traffic represents 35% of Colombia´s local passenger traffic and 70% of the contry´s international passenger traffic.

The Government awarded a contract for the structuring of the concession process to a consortium formed by KPMG, a local law firm (Durán & Osorio) and an international technical firm, Marshall Macklin Monagham Ltd.

The preliminary terms of reference (ToR) for investors are ready ( www.aerocivil.gov.co: Concesiones Aeroportuarias). According to the Government’s timetable, the sale of formal ToR will begin in August, and the contract will be awarded in February of 2006.
Eldorado International Airport is located on the capital city of Colombia, Bogotá. Bogotá’s population is approximately 7 million. The Airport is 11 kilometers from downtown.
  • The airport serves approximately 7,5 million passengers per year (both ways) and 2 million international passengers per year.
  • The airport serves approximately 46,000 tons of national cargo per year (35 % of Colombia’s total national cargo) and approximately 355,000 tons of international cargo per year (80% of Colombia’s total international cargo)
  • The airport’s air operations (including landing and take-off) are approximately 200.000 (22% of the Colombia’s total air operations)

  • The 15 year concession includes an investment programme established in a Master Plan designed in 2001 by a Consortium that included the Louis Berger Group and the Aéroports de Paris Group. The Investment plan will amount to approximately US$350m
  • The financial closing, (which is 6 months after the awarding of the concession) is for apprx US$315 M. The Master Plan includes the upgrade of the current airport terminal and the construction of a new international terminal.

Prieto & Carrizosa S.A. Carrera 9 N° 74-08 oficina 305
Tel: (571) 326 8600 A.A.  76600 Bogotá, D.C., Colombia
Corporate e-mail: prietocarrizosa@cable.net.co
Contact e-mail: iurrutia@prietocarrizosa.com.co
Web Site: www.prietocarrizosa.com
This newsletter is a service of PRIETO & CARRIZOSA and is being sent out for information purposes. It is addressed to our clients and friends and is not intended as a means of providing specific legal advice on any matter. Therefore, we make our strongest recommendation to the reader to seek advice on any specific case or issues before making any decisions based upon the information contained herein.