Corporación América Airports (CAAP) has announced several recent developments related to Carrasco and Punta del Este international airports in Uruguay
Carrasco International Airport in Montevideo is operated by Puerta del Sur (PdS), a fully-owned CAAP subsidiary.
PdS has signed an amendment to its concession agreement to include part of the building of the old passenger terminal of the Carrasco International Airport into the concession, in which PdS plans to invest approximately $5.5m to expand its cargo activities, in particular, pharma and courier. As part of the agreement, PdS will pay an additional fee as compensation for the new activities carried out in the aforementioned space.
In addition, PdS signed an amendment to its concession agreement to invest in a new Instrument Landing System (ILS) category IIIb. This system will enable aircraft to land safely in adverse weather conditions, thereby enhancing air connectivity, increasing predictability for airlines, and providing a competitive advantage for aviation development. The amendment includes a tariff adjustment (approach fee) that will be charged by PdS.
Punta del Este International Airport in Maldonado is operated by another fully-owned CAAP subsidiary, Consorcio Aeropuertos Internacionales (CAISA).
CAISA has signed an amendment to its concession agreement that includes the extension of the term of the concession agreement for a ten-year period from 2033 to 2043, the removal of certain investment projects from the previous agreement, and a new commitment to invest $3.0m within the period of 2024-2026.
“We are pleased to have received approval for these projects at the Carrasco Airport and for the extension of the Punta del Este Concession Agreement for an additional period of ten years,” said Martín Eurnekian, CEO of Corporación América Airports.
“This deepens our commitment to continue enhancing the development of Uruguay's aeronautical industry and building on our strategy to provide a unique travel experience to the approximately 2 million passengers traveling through our airports annually. We also remain focused on supporting future growth by investing in sustainable infrastructure that will raise the operational level and services of the eight airports that we operate in this country,” he concluded.
