IDC to invest US$18mn in El Tepual airport expansion

Concessionaire AAC-Icafal-Vecta, also known as IDC, will invest US$18mn in expansion works for Chile's El Tepual airport that serves southern city Puerto Montt, the country's public works ministry (MOP) said on its website.

Works will be carried out in parallel to the terminal's normal activities, as IDC will inaugurate the airport on February 19.

Scheduled to begin in late 2008 and end in the last quarter of 2009, works involve expanding the passenger terminal's surface to 9,900m2, doubling parking lot capacity, installing three new jet ways, and improving airport access, among others.

The works should consolidate El Tepual as Chile's second most important airport, as passengers arriving to the southern Los Lagos region grew 35% in 2007, up to 393,932 travelers.

Once works are completed, the new facility will create 440 new jobs.

Additional benefits are expected from subcontracts signed by the concessionaire and local providers of construction materials, tourist services and transport, among other sectors.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: February 18, 2008