January 5, 2011 / 11:05 PM / in 8 years

Argentine-Peru firm to invest $250 mln in airports

LIMA, Jan 5 (Reuters) - The consortium Aeropuertos Andinos plans to invest $256.9 million to modernize six airports in southern Peru, the government said on Wednesday.

The consortium, consisting of Peru’s Andino Investment Holding and Argentine firm Corporacion America, which operates 48 airports worldwide, signed a 25-year concession for airports in Arequipa, Tacna, Ayacucho, Puno, Madre de Dios and Apurimac.

Expanding and modifying airports in Peru’s remote south is part of the country’s strategy of becoming a hub for trade and tourism in South America.

The consortium will invest $75 million in the next two years and $182 million in a second investment phase, said Enrique Cornejo, Peru’s minister of transportation and communications.

The Aeropuertos Andinos consortium could also seek a concession for the new Chincheros airport that will serve Cusco, Peru’s top tourist destination, said Carlos Vargas, president of the consortium.

The concession will be granted before Peru’s newly elected president takes office in July, he said. (Reporting by Teresa Cespedes and Caroline Stauffer; Editing by Terry Wade and Matthew Lewis)

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