Paraguay's public works and communications ministry (MOPC) will submit a bill to congress to concession capital Asuncion's Silvio Pettirossi airport before mid-October, the ministry's special projects division coordinator, Gonzalo Garay, told BNamericas.
"We're going to submit the bill this week or the next," Garay said, adding that the government aims for the airport to be concessioned by mid-2012.
The bill must be approved before the concession goes ahead, as Paraguay's current concession law requires every concession project to be approved by congress.
NEW CONCESSIONS LAW
Authorities are also considering the possibility of developing a new general law to make Paraguay's concession process more efficient, according to Garay.
While the new law will be important for future concessioned projects, the Silvio Pettirossi airport project will go ahead under the existing law as it is a priority project, the official added.
The International Financing Corporation (IFC) has signed a technical agreement with MOPC to carry out a diagnosis of Asuncion's airport facilities and analyze the technical, commercial, environmental, financial and legal aspects of the concession project.
In addition, the US Trade and Development Agency (USTDA) approved a US$391,000 grant to provide technical assistance for airport concessions in Paraguay.
Silvio Pettirossi airport handled 595,145 passengers in 2009, according to civil aeronautics agency Dinac.