LAP Signs US$ 1,250 Million Financing Agreement for Lima Airport Expansion
Source: LAP Lima Airport Partners (LAP), part of the Fraport Group since 2001, signed a US$ 1,250 million project financing agreement for the infrastructure development in progress at Lima’s Jorge Chávez International Airport (LIM) in Peru. The financing is being provided by seven banks: BBVA, IDB Invest, KfW IPEX Bank, Mitsubishi UFJ Financial Group (MUFG), The Bank of Nova Scotia, Société Générale, Sumitomo Mitsui Banking Corporation (SMBC). Fraport’s and LAP’s finance teams managed the transaction, while SMBC acted as financial advisor. Fraport AG’s CFO, Prof. Dr. Matthias Zieschang, underscored the importance of the financing: “This is a landmark transaction. We are pleased by the continuous strong demand from the international capital markets for financing Lima Airport’s strategic development. More than [...]