Deadline Looms for Airport Contract Solution

January 12, 2007

The international banks that are financing improvements at the country’s main airport, Juan Santamaría International Airport, have until the end of next week to offer up a solution to the airport’s financial woes.

Though the banks have expressed interest in lending an extra $48 million so that private airport administrator Alterra  Partners can finish delayed improvements to the airport west of San José, they have yet to submit a formal proposal, which is due Jan. 19, according to Omar Segura, spokesman for the Public Works and Transport Ministry (MOPT).

Last month, the government began the process to rescind its $120 million contract with Alterra, the latest move in a three-yearold dispute over how to best finance massive construction projects at Juan Santamaría (TT, Dec. 22, 2006).

The International Financial Corporation and the Central American Bank for Economic Integration have told the government they intend to make the deadline. Once received, Civil Aviation would then form a commission to determine whether the contract amendment proposal sufficiently solves the airport’s financial imbalance.

 

 

Facebook Comments

You may be interested

Costa Rica confirms measles cases in children of United States citizens
Costa Rica
634 views
Costa Rica
634 views

Costa Rica confirms measles cases in children of United States citizens

Alejandro Zúñiga - March 21, 2019

Costa Rica is enacting a National Surveillance Protocol after confirming two cases of measles, the Health Ministry announced Thursday afternoon.…

Priest accused of sexual abuse arrested trying to leave Costa Rica
Costa Rica
665 views
Costa Rica
665 views

Priest accused of sexual abuse arrested trying to leave Costa Rica

AFP and The Tico Times - March 21, 2019

A Costa Rican Catholic priest accused of sexual abuse of a minor was arrested Thursday as he tried to leave…

Construction to begin on new terminal at Limón Airport
Costa Rica
312 views
Costa Rica
312 views

Construction to begin on new terminal at Limón Airport

Alejandro Zúñiga - March 21, 2019

The airport in Limón will soon have a modern passenger terminal and is slated to receive several other upgrades as…