Colombia – Nov 29/18 – Bogota Capacity to Come via El Dorado Expansion, New Airport Shelved
Thanks in large part to vocal airline support, the Colombian government has decided to shelve its plan for development of a second P3 airport for Bogota in favour of expanding the existing El Dorada Airport, which currently handles over 35 million passengers per year and has an existing design capacity of more than 40 million annual passengers. According to government forecasts, Bogota is poised to reach 100 million passengers annually by 2030.
Myanmar – Nov 24/29 – Yangon Airport Thriving Under Private Sector Operation
Yangon Aerodrome Company Limited, the private operator of Yangon Int’l Airport (YIA) since October 2015, recently welcomed its five millionth passenger year-to-date and is projecting a 2.5% year-over-year growth for 2018, totaling 6 million passengers. Over the past five years, YIA has recorded an average annual increase of 8.6%.
Uzbekistan – Nov 20/18 – Government Eyes Private-sector Investment in Country’s Airport Network
The Uzbekistan government is reported to be considering private-sector participation in its airports, in a concerted effort to elevate service levels and increase capacity/traffic. As Central Asia’s most land-locked country, through this initiative Uzbekistan aims to expand its aviation sector, develop international connectivity and boost its post-soviet economic prospects.
United States – Nov 16/18 – LAX Odds-on Favorite for More P3 Action, Following People Mover Award
Los Angeles International Airport (LAX), fifth busiest airport in the world, is California’s most lucrative public asset and a prime candidate for further P3 investment. Recycling all or part of LAX could potentially yield the City of Los Angeles tens of billions of dollars. Following the recent LAX People Mover concession award, industry odds are betting on more P3 action at LAX.
India – Nov 13/18 – Six Non-metro Airports Up for Concession, Aimed at Raising Bar
Six Airport Authority of India non-metro airports; Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru, recently received an “in principle” nod from the Union government for concession operation and development under a PPP framework, with the aim of achieving world-class status of top private Indian airports like Delhi and Hyderabad.
Zambia – Nov 11/18 – New International Airport Planned for Itezhi Tezhi as P3
A new international airport in Itezhi Tezhi, to be developed under a P3 format, has received cabinet approval. Targeted to support the growing regional tourism sector, the new airport will serve Kafue National Park, in conjunction hotel development in nearby Chitambo.
Malaysia- Nov 08/18 – Novel REIT Scheme Planned for Airport Privatization, a World First
A Real Estate Investment Trust (REIT) scheme is being planned for privatization of airport infrastructure as a means to “securitize” cash flows. Hailed as first of its kind in the world, this novel approach aims to “put government assets to work” and bring much-needed revenue into the public purse. Details on REIT structure are still sketchy, however the government say more details fill soon follow, including management and listing approach.
Slovenia – Nov 06/18 – Operator of Maribor Edvard Rusjan Airport Ready to Pull Pin
SHS Aviation, the operators of Maribor Edvard Rusjan Airport is threatening to pull the pin on its 15 year concession, citing delays in adoption of zoning bylaws by the central government. The rezoning is needed to clear the way for the concessionaire’s EUR660m airport redevelopment plan. SHS pays a monthly fee of EUR100,000 for its concession rights.
Greece – Nov 03/18 – Next Batch of Greek Regional Up for Grabs, but a Much Tougher Sell This Time Around
The Greek government is set to put another 23 small airports up of concession, on the heels of the successful transfer of 14 state-run airports to Fraport in 2017. The new batch are much smaller, the busiest handling less than 300,000 passengers per year, so it will be a much tougher sell. The Fraport concession is a 40-year deal, with EUR1.73b in capex and grantor fees.
Philippines – Nov 01/18 – SMC on Its Own to Make Case with Carriers for New Bulacan Airport Operations
The Duterte government has stated that it will not force airlines to operate at the new Bulacan Airport, proposed by San Miguel Corp, instead leaving it up to the private operator/investors to make the case to commercial operators. The Department of Transportation is in the midst of negotiating the concession deal with the proponent.