Costa Rica Airport Receives Funds for Expansion

$100 million of loans have been granted, paving the way for larger passenger capacity at Juan Santamaria Airport.

Wednesday, October 19, 2011

A press release from the Inter-American Development Bank reads:

Juan Santamaria International Airport in San Jose, Costa Rica has successfully completed a three-year restructuring process and is preparing to more than double its passenger capacity after partnering with the Inter-American Development Bank (IDB) and the Overseas Private Investment Corporation (OPIC).

In September, the Bank and OPIC disbursed U.S. $ 100 million in loans to Aeris Holding S.A., which operates the airport, owned by the sponsoring companies Andrade Gutierrez Concessões from Brazil and ADC & HAS Finance Ltd., a holding company controlled by the HAS Development Corporation, an affiliate of Houston Airport System, and Airport Development Corporation, based in Toronto, Canada.

Juan Santamaria International Airport, the second largest in Central America, receives 85 percent of total international arrivals in Costa Rica and 80 percent of all tourists arriving in the country.

More on this topic

$ 55 Million for Costa Rican Airport

January 2011

The Board of Directors of OPIC approved resources to support the expansion of the Juan Santamaría International Airport.

OPIC's loan will allow a consortium led by HAS Development Corporation (HASDC) to complete the renovation of the Juan Santamaría International Airport outside San Jose.

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.

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).

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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