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With air passenger traffic expected to increase more than 5 percent annually over the next 20 years, major airports around the world are facing the need to expand and modernize. Yet many governments lack the resources and skills to do the work. Instead, they turn to the private sector and companies like Alterra Partners, which specializes in developing and managing big airports.
Alterra Partners was founded in 2000 by Bechtel Enterprises, the financing, development, and ownership arm of Bechtel Corporation. By combining Bechtel Enterprises’ expertise with Bechtel’s global experience in engineering and construction, the new company offered a complete solution to governments intent on airport overhauls.
In July 2001, Singapore Changi Airport Enterprise Pte. Ltd. agreed to acquire 50 percent of Alterra Partners. Changi’s expertise in airport operations and concession management completed Alterra’s portfolio of skills, and vaulted the company into a leadership position in the aviation market.
In addition to the Lima project, Alterra today has long-term concessions to develop and manage several other major airports, including London’s Luton Airport, Juan Santamaria International Airport in Costa Rica, and Curaçao International Airport in the Netherlands Antilles.
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