Lima Airport Partners (LAP) and the Government of Peru have signed an amendment to the airport concession agreement signed in 2001, enabling the former to go ahead with a $1.5bn expansion programme at Lima Jorge Chavez International Airport (LIM).

Fraport owns a 70.01% share in LAP, while other shareholders include IFC International Financial (19.99%) and Peru’s AC Capitales SAFI (10%).

The amendment outlines when and how the government should hand over land needed for the airport expansion. 

LAP’s expansion programme is set to start next year and will involve development plans for a second runway and construction of a new passenger terminal, as well as other infrastructure. 

During the first half of this year, LIM served about 9.7 million passengers, which represents an increase of 8.4% compared to the same period in the previous year. 

Fraport executive board chairman Dr Stefan Schulte said: “This step forward is critical for Lima Airport’s continuing success as a win-win concession for all.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"This comprehensive and mutually beneficial agreement with the Peruvian government will provide the necessary land and framework for advancing our major expansion of Lima Airport."

“One of the most successful airports in Fraport’s global portfolio, Lima has consistently achieved strong growth, a high level of customer service and recognition, and it offers great potential for Peru and South America.”

In November 2000, LAP secured the concession from the Peruvian government for operating and expanding Lima Airport. 

The LAP concession, which officially commenced in February 2001, will run until 2041. 

LAP CEO Juan José Salmón said:  “This comprehensive and mutually beneficial agreement with the Peruvian government will provide the necessary land and framework for advancing our major expansion of Lima Airport.” 


Image: Lima Airport's future passenger terminal. Photo: courtesy of Fraport.