Costa Rica: Houston Airport to Operate Airport

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

Friday, May 29, 2009

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).

According to the Comptroller, with the concession transfer “International Finance Corporation (IFC) remains the main creditor, which from our viewpoint ensures the existence of sufficient economic conditions, when you add the capital contribution by the concessionaire and it may be possible to remedy serious failings in the construction of the project,” according to a Yahoo News publication.

More on this topic

There is Funding for Juan Santamaria Airport

March 2009

Houston Airports Consortium said that it has $30 million and creditor banks for Alterra will provide $10 million to complete the work in phases one and two.

La Prensa Libre reported on its website: "This was announced yesterday by Karla González, Minister of Transport, and Jeff Scheferman, president of HASDC.

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.

Costa Rica: Resolution on Juan Santamaria airport postponed

September 2008

The highly awaited resolution on the future of the project that should have been given yesterday by the Office of the Comptroller General was put off for another nine days.

The extension came because the Technical Council of Civil Aviation (Cetac) presented the required financial information late.

Administrator of Costa Rica Airport changes

September 2008

The proposal by the Houston Airport System (HASDC) consortium to substitute British Alterra Partners as administrator of the Juan Santamaria International Airport has been accepted.

Despite the Government having accepted the consortium's proposal, the agreement still has to go the the General Comptrollers of the Republic so that it can be reviewed.

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