Modernization of El Dorado, Public-Private Effort
The international terminal of the El Dorado Airport is now a reality. The materialization of one of the most important infrastructure projects in the Region impacts on competitiveness and comfort as a result of the joint public-private initiative
The successful modernization of the international terminal of the El Dorado Airport is one of the most important infrastructure projects in Latin America.It showed the capacity of the public and private sectors to work jointly to improve conditions for users,as well as to increase the service quality and capacity in key sectors of Colombian transportation.
In an unprecedented operation, CAF - Latin American Development Bank-, China Development Bank (CDB) and the Inter- American Development Bank (IDB), as high level moneylenders, jointly supported the most important airport project in Colombia, where for the first time the three institutions got together to contribute with financing, amounts, and terms that are adequate for the needs of the project. The three institutions delivered USD 390 million.
CAF resources amount to USD 50 millionand were delivered through a contract with Opain, which is in charge of the Airport's operation. Financing was aimed at modernization, expansion, administration, operation, maintenance, and commercial operation.
CAF plays a role as promoter of projects between Latin America, Asia, Europe, and North America through agreements subscribed with the main financial institutions. Thus, it has attracted new financing resources to the Region.
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