Regional bank to back Costa Rica airport plan

The Central American Bank for Economic Integration (BCIE) is to finance the modernization of Costa Rica's Juan Santamaría airport.

Tuesday, May 13, 2008

BCIE is backing the consortium that aims to take over the airport's operations from Alterra. The consortium, led by Houston Airport System (HAS) has yet to make a formal offer for Alterra, a Bechtel unit.

More on this topic

Costa Rica: Houston Airport to Operate Airport

May 2009

The US consortium has the backing of the Comptroller General of the Republic to operate and expand Juan Santamaría airport.

The current manager, Alterra Partners, has been without the funds to undertake the expansion for a year and it has agreed to cede its rights to Houston Airport System (HAS).

IFC Values Airport Financing in Costa Rica

February 2009

The International Financial Corporation (IFC) is considering assuming the financing of pending works in Juan Santamaría Airport.

Mario Bermúdez Vives writes in Elfinancierocr.com: "Officials are seeking alternatives to rescue the management contract of interest, after the Comptroller's office rejected a request to continue formalizing the contract schedule, without having secured the financing.

Costa Rica: HAS Group is the new operator of Juan Santamaria airport

October 2008

The Houston Airport System consortium will become the new airport administrator in December, replacing Alterra Partners.

Yesterday, the Office of the Comptroller General authorized the transfer of the management contract that was held by Alterra since 2001.
Before finalizing the transfer, Houston Airport System Development Company (HASDC) must pay the debts that Alterra had with banks creditors of the airport.

Alterra drops legal suit over Costa Rica airport contract

May 2008

Alterra, the company that operates Costa Rica's Juan Santamaría airport, said it would drop its legal claim against the authorities as part of a package that would transfer its responsibilities to a consortium headed by Houston Airport System (HAS).

Jeffery Scheferman, president of the HAS Development Corporation, said that the case would be closed for his company too.

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