The board of directors of the US-based Overseas Private Investment Corporation (OPIC) has approved US$55mn to support the expansion of Costa Rica's Juan Santamaria international airport.
The loan will enable the airport's concessionaire to complete renovations including a terminal extension to permanently house security, immigration and customs processing, as well as additional holding rooms and remote parking positions. The project is scheduled for completion in May this year.
"This expansion project will enable Costa Rica's international airport to accommodate greater traffic and thereby support growth in sectors like tourism and manufacturing economy," said OPIC president and CEO Elizabeth Littlefield.
Juan Santamaria is Central America's second busiest airport, serving approximately 3.5mn passengers a year.
The terminal is operated by a consortium comprised of US-based Houston Airport Systems Development Corporation (HASDC), Canada's ADC and Brazil's Andrade Gutierrez.