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CDB provides $175 million loan for El Dorado International Airport Construction and Expansion Project in Bogota
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Sociedad Concesionaria Operadora Aeroportuaria Internacional S.A. (OPAIN) |
| Country | Colombia |
| Start Date | Dec 01, 2010 |
| End Date | Nov 28, 2030 |
| Duration | 7,302 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 54701 |
Grant Description
CDB provides $175 million loan for El Dorado International Airport Construction and Expansion Project in Bogota In December 2010, Concesionaria Operadora Aeroportuaria Internacional S.A. (“Opain” or “Opain S.A.”) received loans from China Development Bank, Inter-American Development Bank, and Corporacion Andina de Fomento for the El Dorado International Airport Construction and Expansion Project in Bogota.
CDB contributed $175 million, IDB contributed $165 million, and CAF contributed $50 million.
Opain S.A. is a project company (special purpose vehicle) organized under the laws of Colombia.
Its shareholders are Grupo Odinsa S.A., CSS Constructores S.A., Construcciones El Condor S.A., Termotécnica Coindustrial S.A., and Marval S.A.
The purpose of this project was to finance the development and construction costs for the expansion, operation and commercial development of El Dorado International Airport in Bogota.
The airport is located 15 km west of Bogota This project includes the construction of a new terminal that will include domestic and international flight services, new cargo facilities, including additional parking positions for planes; a new office building for Aerocivil; a new maintenance area; a new fire station, and a new control tower.
The project was expected to be completed in 2014. The rennovation was completed in December 2017. In 2006, Opain S.A. received a 20-year contract from Aerocivil to expand, modernize and operate El Dorado Airport.
El Dorado International Airport handles the most cargo of any Latin American airport; and is the 3rd busiest in passenger-traffic.
Staff Comments
- While some sources discuss these loans as having been contracted in 2012, others say they were contracted in 2010. This issue warrants further investigation.
- OPAIN S.A. refinanced its debts to these development banks in 2015.
Sources & References
- Milbank Represents CDB
- IDB and CAF In $1.1B Expansion Of The El Dorado International Airport In Bogotá
- Colombia
- El Dorado International Airport
- Bogota
- IDB provides up to $165 million for modernization of Bogota’s airport
- El Dorado International Airport
- Banco Chino de Desarrollo se convertiría en socio estratégico de la FDN para inversi ón china en infraestructura en Colombia
- Resources for Bogotá airport Expansion
- Milbank Represents Lenders in $1.2B Expansion of the El Dorado Int'l Airport in Bogotá
- Colombia
- Annual Report 2015
- Latin American Transport Deal of the Year 2012: El Dorado
- DEAL ANALYSIS: Bogota Airport
- CO-L1029 : El Dorado International Airport
- Adress for El Dorado Luis Carlos Galan Sarmiento International Airport
- CO-L1029 : El Dorado International Airport
- IDB Helps Modernize Colombian Air Terminal Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Sociedad Concesionaria Operadora Aeroportuaria Internacional S.A. (OPAIN)
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