Costa Rica: Resolution on Juan Santamaria airport postponed

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.

Tuesday, September 30, 2008

The extension came because the Technical Council of Civil Aviation (Cetac) presented the required financial information late. Cetac presented the airport rescue plan to the Comptroller on September 19, but it did not include economic details which were handed in four days later.
The rescue proposal for the airport includes the transfer of 95% of Alterra's shares to a group headed by Houston Airport System (HAS).

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.

$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.

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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