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. 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."
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.