Argentina Transfers International Airport Today

Wednesday, May 27, 1998

Argentina's government will today transfer operational control of the Buenos Aires international airport Ezeiza to the multinational consortium Argentina 2000, owned by Argentina's Corporacion America de Eduardo Eurnekian, US-based Ogden and Italy's Assaeroporti de Milan.

The next airports to be transferred will be the Buenos Aires domestic airport Aeroparque Jorge Newberry on June 3, followed by the Aeropuerto de Pajas Blancas on June 15.

Argentina 2000 was awarded the 30-year concession to upgrade and operate 33 Argentine airports earlier this year, but the transfer was suspended until the airport regulator ORSNA was established.

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Argentina 2000 will pay US$171mn per year to the Argentine state for operating the airports, and is required to invest US$2.2bn over the concession period, of which US$1.3bn has been set aside for the Buenos Aires airports, including Ezeiza and Aeroparque Jorge Newberry.

The most significant regional investments will be US$117mn for the Cordoba airport, US$80.5mn in Mendoza, US$65.7mn in Bariloche, US$44mn at San Fernando and US$42.1mn at Rio Gallegos.