Expansion Project Finance obtains two new international recognitions
- The prestigious Bonds, Loans & ESG Capital Markets Latin America & Caribbean Awards 2023 honored Lima Airport Partners with 2 awards for the US$1.25 billion financing obtained for the Jorge Chávez International Airport Expansion Project.
- These awards are in addition to the two granted to LAP's financing last October by LatinFinance at the LatinFinance Project & Infrastructure Finance Awards 2023.
- The important financial transaction was successfully closed in December 2022 with the participation of 7 prestigious international banks.
Callao, December 1st, 2024
Lima Airport Partners (LAP), the private operator of Jorge Chávez International Airport, has so far received four outstanding international awards for the US$1.25 billion financing of the Jorge Chávez International Airport Expansion Project.
The Bonds, Loans & ESG Capital Markets Latin America & Caribbean Awards 2023 organized by GFC Media Group, which recognizes the most innovative and outstanding transactions of the year, their structuring and high quality execution, granted LAP's financing two awards: “Project Finance Deal of the Year” and “Project Sponsor of the Year”. The awards ceremony took place on November 28 in Miami.
At the tenth edition of the LatinFinance Project & Infrastructure Finance Awards 2023, held on October 5 in New York, the successful financing transaction executed by LAP was awarded in the categories “Infrastructure Financing of the Year: Latin America” and “Airport Financing of the Year”.
For Pilar Vizcarra, Chief Financial Officer of LAP, receiving these important international distinctions is a recognition of the hard work done to achieve the closing of the financing in the midst of a challenging environment marked by uncertainty in Peru and globally; inflation; interest rate adjustments, and increased risk, due to the negative impact of the COVID-19 pandemic since 2020.
“To have been able to close this financing in such a difficult global environment, especially for the aviation sector, was a great challenge and constitutes a historic transaction for LAP. It demonstrates the confidence of the banks in the company's experience and its shareholders to carry out this important project, and to operate a first class infrastructure that will generate many sources of employment and development opportunities for Peru,” added Vizcarra.
As part of the expansion, Lima Airport Partners is undergoing a major infrastructure transformation at Jorge Chavez International Airport. The second runway and the new control tower are operational and to date have already handled more than one million passengers. The construction of the new terminal is 65% complete and is expected to begin operations in January 2025, according to established commitments.