Lima Airport Partners (LAP) has signed a US$1.25 billion project financing agreement for the development of Lima’s Jorge Chávez International Airport (LIM) in Peru.

The project involves:

• a new air traffic control (ATC) tower designed to offer complete coverage of the expanded airfield;
• aircraft parking stands, a utilities complex, access roads and public parking;
• Airside expansion works, development of a second runway, taxiways, a firefighting station, along with other ancillary facilities.

The financing is being provided by seven banks: BBVA, IDB Invest, KfW IPEX Bank, Mitsubishi UFJ Financial Group (MUFG), Bank of Nova Scotia, Société Générale, Sumitomo Mitsui Banking Corporation (SMBC). Fraport’s and LAP’s finance teams managed the transaction, while SMBC acted as financial advisor. SACYR and Cumbra are the general contractor for the engineering, procurement and construction.

This terminal is expected to begin operations by January 2025.