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Paraguay has begun prefeasibility studies for the construction of a new airport terminal in capital Asunción, public works ministry MOPC said in a statement.
The US$200,000 studies are being financed by the European Union and will last 60 days. Once completed, feasibility studies are then expected to start in December, with the construction tender forecast for next March.
The US$180mn plan involves building a larger, 30,000m2 terminal to handle 2mn passengers a year at the Silvio Pettirossi airport, which will continue to use the current runway.
The tender is planned to be awarded in August 2015 and construction should be finished in January 2018.
The bulk of the investment, or US$144mn, is expected to be required in the first four years of a 30-year concession, which will be carried out under a public-private partnership.
Domestic and international passenger traffic grew 16.4% in the first six months of the year to 480,000, according to national civil aviation authority Dinac figures.
BNamericas will host its 5th South America Infrastructure Summit in Colombia on October 22-23.