Bechtel Enterprises Wins Lima, Peru Airport Concession

"We are pleased to have been selected to operate and expand Lima's international airport," said Al Romeu, Project Development Manager for the Consortium and Senior Vice President of Alterra Partners, the aviation development and investment vehicle of Bechtel Enterprises. "We look forward to partnering with the Peruvian government to make the airport a world-class aviation center, an engine of regional economic growth, and a showcase for Peru's innovative privatization program."

Presently, the airport serves 4.5 million passengers per year. Conservative estimates indicate that passenger volumes will more than double by 2010 and reach 16 million by 2020.

A Plan for Tomorrow that Works Today

"Our vision is to help Peru create a modern international transportation facility that will serve as Peru's gateway to the world," said Dan Chao, Executive Vice President and Managing Director of Bechtel Enterprises. "And our team brings a unique set of global experiences well suited to serve both the short-term and long term needs of the airport." To realize this, the Consortium has developed a comprehensive master plan to significantly improve levels of service in the near term and to create a long-term strategy to enhance revenues through airport commercial development and air cargo growth.

In the near term, the Consortium will upgrade the current airport terminal, build a new curvilinear concourse to accommodate more passengers, create a world-class retail center--Peru Plaza--within the airport. Other improvements will include construction of a new in-terminal hotel and enhancement of air cargo and general aviation operations.

Over the long term, the Consortium will lead an effort to finance and build a second parallel runway and new terminal complex; expand the retail strategy, create a new air freight complex that will target express couriers and sea-air cargo operations; and support industrial development on airport land west of the new runway.

About Bechtel Enterprises

Bechtel Enterprises is the development, financing and ownership affiliate of Bechtel Group, Inc., a premier global engineer-constructor. It is a leader in the privatized infrastructure market with interests in the aviation, power generation, transportation, water and wastewater, and telecommunications sectors and is a partner in seven world-class infrastructure development companies. In the last decade alone, Bechtel Enterprises has arranged or participated in more than US $20 billion in project financings. The Bechtel organization has been at the center of airport infrastructure development since the 1970s, providing a full array of planning, design, and program management services. In 1999, Bechtel generated revenues exceeding US $ 15.1 billion. Bechtel Enterprises recently announced the formation of Alterra Partners, a major initiative to develop, own, and operate privatized airports throughout the world. Alterra is based in London.