Breaking! GMR shortlisted for San Juan airport

Neelam Mathews
Sept 27, 2011

The GMR- Incheon Consortium has been shortlisted in the bid  bid for a 50-year concession to run San Juan airport in Puerto Rico.

The other five consortia include Zurich Airport, Camargo Correa and PSP Investments, Fraport and Goldman Sachs, Grupo Aeropotuario del Sureste and Highstar Capital, Grupo Aeropuertos Avance, and Puerto Rico Gateway Group.

Improvements are being sought for one of Caribbean’s busiest airport, San Juan airport, of between $40 million and $80 million over the contract's first five years.

Final proposals have been called for by end December. The winner is likely to be chosen by 2012. Once completed, this will be the largest PPP in the U.S under an FAA pilot project.

"Puerto Rico is in a position to choose from among the best airport operators in the world to bring the Luis Munoz Marin Airport to a new level and provide an important stimulus for the island's tourism sector," David Alvarez, executive director of the island's PPP agency, said at a news conference.

Recently, GMR Airports Holding and South Korea's Incheon International Airport signed a sister airport agreement to share technical, commercial and environmental best practices through cooperation. Joint working groups will be established to cooperate on airport operations and management, training, customer service, construction, information technology, planning and sustainable development.