Six Airports Concession

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In May 2008, Aerocivil, Colombia’s airport authority signed a 25-year concession contract with La Sociedad Operadora de Aeropuertos Centro Norte SA (Airplan) to design, upgrade, operate and maintain six airport terminals. The package included the following airports: Jose Maria Cordova and Enrique Olaya Herrera, both of which serve department capital Medellin; Las Brujas airport in Corozal municipality, Sucre department; El Carano in Quibdo city, Choco department; Antonio Roldán Betancur airport serving Carepa and Apartado municipalities, Antioquia department; and Los Garzones in Monteria, Cordoba department. Works were to include runway maintenance, the construction of new terminals in some cases and improvements in communications, safety and cargo handling services, among others. Airplan was comprised of: Chinese firm Airports Holding Company (CAH) and Colombian companies Fernando Mazuera, Supertiendas y Droguerias Olimpica, Malibú, Informacion y Tecnologia, Portales Urbanos, Sociedad Colombiana de Inversiones Comerciales, Noarco and Servicios Integrales para Redes y Comunicaciones. The contract was awarded to Airplan in March 2008 through an international competitive tender in which the lowest tariff was the bidding criteria. Six groups submitted technical and economic bids: • Aeropuertos de Occidente, comprised of firms MH Pavimentos, Procopal, Corporacion America and Corporacion America Sudamericana; • Antioquena de Aeropuertos, made up of companies Odinsa, CSS Constructores, Grupo Condor Inversiones, Marval, Termotecnica Coindustrial, Arquitectura y Concreto, Consultoria Colombiana and Unique FZ Colombia; • Sistema Aeroportuario de Colombia, including firms Bancolombia, Megaproyectos, Inteligent Building Corporation, Sortek Sistems and Conconcretoñ • Aeropuertos Colombianos de Centro Norte, comprised of Corficolombiana, AENA Desarrollo Internacional, Concecol, Valora and Inversora en Aeropuertos; • Concesion de Aeropuertos de Occidente, made up of Agunsa, Coninsa, Vicon, Estudios Tecnicos, Construtel and Construcciones CF; and • Sociedad Operadora de Aeropuertos Centro Norte (Airplan) The project was expected to require an investment of approximately US $200 million. Further financing information was not available. Upgrade works were to be completed within 60 months.