Paraguay's Public Works and Communications Ministry (MOPC) has received three proposals for the Asunción's Silvio Pettirossi international airport upgrade project and has begun the technical review of  the bids. This is the first airport project carried out under public private partnership PPP in the country.

The shortlisted teams were Vinci, Cedicor SA and Sacyr Concesiones SA.

The tender process was launched on 18 January 2016 and 13 companies expressed interest in the project: Vinci, Cedicor SA, Tecnoedil SA, Korea Airport Corporation, Benito Roggio e Hijos SA, Agunsa, Odebretch, Sacyr Concesiones SA, OHL, Incheon, Itasa SA, Constructora and Corsam Barrail Hnos Corvian Construction SA.

The project would involve the construction of a new airport terminal and the reconstruction of the existing facilities to transform them into administrative offices. The facilities will have capacity to handle approximately 3.3 million passenger per year, up from current capacity of 915,000.

The total project investment is estimated at US$148.7, a total of US$108.4 million will be invested during the first phase and the remaining 40.3 million will be invested in a second phase.

The project will be developed on a design, build, finance operation, and maintenance (DBFOM) basis. The concession period will be 30 years.