There is Funding for Juan Santamaria Airport

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.

Wednesday, March 4, 2009

La Prensa Libre reported on its website: "This was announced yesterday by Karla González, Minister of Transport, and Jeff Scheferman, president of HASDC. They noted that the 'good news' is that they got funding for the continuation of the modernization project, at least in phases one and two, for the country's largest airport. These phases were abandoned by Alterra Partners, the current manager, due to lack of funding. Less than a month ago HASDC, which is seeking to replace Alterra, had offered $30 million of its own capital for the continuation of the project without taking into account financial closure from creditor banks and the IFC. However, the Comptroller General of the Republic (CGR) did not give the Civil Aviation Technical Council (Cetacean) permission to continue because it requested for the funding to be full, secure and constant."

More on this topic

Costa Rica to expand San José international airport with IDB assistance

December 2009

Terminal's operator will use $45 million loan to refinance debt, carry out key infrastructure and service improvements

The Inter-American Development Bank approved a $45 million long-term loan to help finance the expansion of the Juan Santamaría International Airport in San José, Costa Rica, and support its new operator's plans to refinance debt.

Juan Santamaría's Commercial Strategy

August 2009

The new operator of International Airport Juan Santamaría wants to convert it into a connections center.

As a strategy for luring more passengers into the air terminal, its operator, Houston Airport Systems Development Corporation (HASDC), plans to transform it into the connections center (hub) of a regional airline.

$100 Million Slated for Costa Rica´s Airport Canceled

February 2009

J. P. Morgan Bank revoked its $100 million financing proposal for the pending expansion projects at the Juan Santamaría Airport.

The loan had been offered to the new managing agent of Costa Rica´s international airport, Houston Airport System Development Corporation, and they were in the thick of the financing process.

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.

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