URUGUAY. Consortium Cerealsur has won the 30-year concession to operate Montevideo Carrasco International airport after presenting a US$34 million offer for shares in the airport’s current concessionaire Puerta del Sur – more than double the asking price.
The Cerealsur consortium is made up of Argentine airport concessionaire Aeropuertos Argentina 2000 (AA2000), Italian airport operator Societa Esercizi Aeroportuali (SEA) and US investors.
According to an official from Uruguay’s national development corporation CND, the purchase and operating contract should be signed in 90 days.
The contract confirms an investment of US$75 million for renovation work at the airport, which includes expanding the main runway and building new cargo and passenger terminals.
SEA will be directly responsible for operating the airport, including its duty free operations.
AA2000 operates 32 airports in Argentina and is formed by Corporacion America Sudamericana (35%), SEA (28%), Simest Spa (8%), Ogden Corporation (28%) and RIVA (1%).
