Inversiones

NEW QUITO AIRPORT AND FRANK AREA:
For over twenty years the Government of Ecuador has been promoting the idea of transferring airport operations to a new site to encourage the economic growth of both the city and the country. In common with many other Latin American countries Ecuador has experienced a constant growth in the use of air transport and it was felt that the benefits to the economy would be lost if a modern air transport infrastructure was not available.

In 1999 the New Airport Commission began the development process by requesting interested consortia to submit their credentials to design, build, operate and maintain the new airport under a fixed period concession contract. The Commission pre-qualified several interested groups, including a consortium led by The Canadian Commercial Corporation(“CCC”).

In 2001 CORPAQ re commenced the bidding procedure in form of a Swiss Challenge and on January 25, 2002 awarded the CCC Consortium the concession for the development of the New Quito Airport. ”). Today the CCC led consortium is composed of the following participants; Airport Development Corporation (“ADC”) and Aecon Infrastructure, (a division of Aecon Holdings Inc (“Aecon”) and HAS Development Corporation. (the Houston Airport company)

The New Airport Concession will be for a period of 35 years and as part of the concession agreement the CCC consortium took over the responsibility of operations and maintenance of the Mariscal Sucre Airport on the 18th of November 2002 and will operate the airport until operations transfer to the New Quito airport in 2010.