Corporación América Airports Announces Issuance of Administrative Decision Approving the Rebalancing of the Concession Agreement in Argentina
The Argentine government issued an Administrative Decision approving a rebalancing of the concession agreement held by Aeropuertos Argentina S.A., a CAAP subsidiary, driven by rapid passenger traffic growth. Key terms include an ~$7.3 billion capital investment program, an 18-year concession term extension to February 2056, a contracted 14.30% IRR, and USD-denominated passenger tariffs, with the domestic fee rising to $9.00 by January 2027.
Key figures
- Concession fee
- 15% of gross revenues
- Contracted irr
- 14.30%
- Term extension
- 11 years + 7 additional years
- Passengers 2025
- 86.7 million
- Concession expiry
- February 2056
- Investment 2027 2031
- $1.5 billion
- Passenger growth yoy
- 9.8%
- Regional passenger fee
- $25.16 (extended from 300km to 1,000km flights)
- Investment program total
- $7.3 billion (including VAT)
- Domestic passenger fee 2027
- $9.00
- Direct investments not trust funded
- $600 million
AI analysis
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