Skip to content

Bechtel’s Impact Report

New Development And Management Company Launches To Help Fuel Airport Growth

  • 02 October 2000
    London, UK
  • Press Release

New Development And Management Company Launches To Help Fuel Airport Growth

Alterra will create strategic alliances with leading airport operators to complement Alterra's skills in development, financing, and asset management.

"We are on the brink of a new era in airport development and management," said Dan Chao, Executive Vice President and Managing Director of Bechtel Enterprises. "Governments around the world are seeking private sector participation and investment to improve their airport operations and increase their revenues. Our ability to bring together strong development and operations expertise, to provide equity investment, and to secure optimal financing will make Alterra a leader in this emerging privatization market."

The time is right for Alterra to launch this effort. With airport passenger demand expected to grow at a 4-5% annual rate through 2010, airport infrastructure requirements over this same period will approach US$350 billion. Historically, airports have been publicly owned and operated utilities, with limited competition. In the coming years, private sector participation in the aviation market is expected to increase dramatically, driven by increased air traffic, limited airport capacity, public sector budget constraints, deregulation, and a much more price and efficiency conscious customer base in terms of the many different users of airports. Alterra will have the benefits of Bechtel Enterprises' extensive experience as a developer and owner of successful infrastructure businesses to complement the traditional operator skills, all in one global entity. Alterra will also benefit from Bechtel's global relationships and its more than 30 years of experience in the design and construction of airport facilities.

"Bechtel's affiliation with Alterra is the latest example of a highly successful business strategy Bechtel Enterprises adopted in the early 1980s," added Jaime Guillen, Alterra's Chief Executive Officer. "Alterra, will provide a full array of services from planning, development, and investment through operations. We'll take an ownership position in airport facilities, not just for the short term, but as a continuing partner in the economic life of the communities we serve."

Alterra, through Bechtel Enterprises, has shareholder interests in London Luton Airport and is currently pursuing airport prospects in various parts of the world.

Alterra is headquartered in London, with regional offices in San Francisco, Singapore, and Mexico City.

Key Contact

About Bechtel

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.  

Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations.

RSS icon Add the Bechtel News Feed to my RSS reader.