Colombia’s Caribbean Airports Come To The Block

Colombia’s government says it will finally auction off, later this month, the concession to run two airports on Colombia’s Caribbean islands of San Andrés and Providencia. The sale was postponed from August after Aerocivil – Colombia’s civil aviation authority – extended the bidding process to allow participating companies, some of which were also bidding for Bogotá’s El Dorado International Airport, more time to prepare documentation. Six groups of companies have bought the bidding documents: Corporación América, Estudios Técnicos Universal, Odinsa, Ramón Pereira Visbal, Stratis and Valores y Construcciones. The concession contract is set to be for 20 years and foresees investment of around $19 million in the first few years.