April 9, 2019 |
Corporación América has agreed to invest $35.5m to extend the concession contract of the Punta del Este Airport in Uruguay by 14 years through 2033.
The original concession contract expired at the end of March this year, said Gimena Albanesi, the IR manager at Corporación América.
The Argentine infrastructure company will make most of the planned investments in the next five years, Albanesi said. She did not say, however, how Corporación América plans to finance the upcoming investments.
Argentine infrastructure company agrees to invest $35m in return for a 14-year contract extension