Frankfurt and partners take over Lima airport

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A consortium comprising Frankfurt airport subsidiary Fraport (Frankfurt Airport Services Worldwide), US construction group Bechtel Enterprises International and Peruvian construction company Cosapi officially took over Peru's main airport yesterday. The Peruvian government privatised Lima airport last November when it awarded a 30-year management contract (with an option to extend) to the Fraport-led consortium.

The participants have formed the Peruvian-registered company Lima Airport Partners to implement the project with a clear goal to modernise and expand the commercial facilities. Fraport has paid $6.4m for its 42.75% stake in the new company. The company said most of the airport authority's 150 existing employees are receiving new employment contracts and will be joined by a 20-strong project team from Frankfurt.