LIMA, April 25 A consortium formed by holding
companies from Argentina and Peru won a contract on Friday for
building an airport that could cost up to $658 million and that
will link global tourists to Peru's popular Machu Picchu ruins.
Argentine Corporacion America and Peruvian Andino Invesmtent
Holding will build the airport in Peru's southeastern
Cusco region, home to the former Incan citadel Machu Picchu,
Transportation Minister Carlos Paredes said.
The local consortium the two companies created, Kuntur Wasi,
beat out two other bidders and is now expected to build the
airport in five years after starting work by 2016.
Kuntur Wasi will invest 53 percent percent of the total
investment in the project, estimated at $539 million or $658
million if future expansions and renovations are carried out,
The government will pay for the remaining 47 percent.
The airport, called Chinchero, will be able to handle the
transit of at least 5 million travelers per year, Paredes said.
The company will operate the airport in a 40-year
(Reporting By Marco Aquino and Teresa Cespedes; Editing by