Corporación América Airports Announces an Amendment of the Puerta del Sur Concession, in Uruguay
November 09 2021 - 04:31PM
Business Wire
Corporación América Airports S.A. (NYSE: CAAP), (“CAAP”
or the “Company”) the largest private sector airport concession
operator in the world by number of airports, announced today that
its subsidiary Puerta el Sur S.A. (“PdS”), which operates the
Carrasco International Airport in Montevideo, Uruguay, has signed
an agreement with the Government of Uruguay (the “Amended
Concession Agreement”), to amend the existing concession agreement
that was originally signed on February 6, 2003.
Pursuant to the Amended Concession Agreement, the term of the
concession was extended for an additional 20-year period, from
November 2033 to November 2053 and incorporates six additional
regional airports, bringing CAAP´s network in Uruguay to a total of
eight airports. Finally, the Amended Concession Agreement also
establishes a capital investment program of US$67 million to be
deployed in these new six airports, by 2028.
Mr. Martín Eurnekian, CEO of Corporación America Airports,
noted: “I am pleased to announce the extension for an additional
twenty years of the Carrasco International Airport concession in
Uruguay, which is a strategic infrastructure asset in the country
that we have been successfully operating since 2003, providing a
gateway from the country’s capital to the world. I am also excited
for the six additional airports that we are bringing into the
concession, reinforcing our leadership position in the country’s
airport network. This is a significant milestone for our Company
that strengthens long-term sustainable growth in Uruguay. The
additional investments we have agreed to undertake will enable us
to continue expanding and enhancing infrastructure in the country,
including airport security, safety as well as the overall passenger
experience, as we have done over the past 18 years.”
About Corporación América Airports
Corporación América Airports acquires, develops and operates
airport concessions. The Company is the largest private airport
operator in the world based on the number of airports and the tenth
largest based on passenger traffic. Currently, the Company operates
52 airports in 7 countries across Latin America and Europe
(Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy). In
2019, Corporación América Airports served 84.2 million passengers.
The Company is listed on the New York Stock Exchange where it
trades under the ticker “CAAP”. For more information, visit
http://investors.corporacionamericaairports.com
Forward Looking Statements
Statements relating to our future plans, projections, events or
prospects are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts and
can be identified by terms such as “believes,” “continue,” “could,”
“potential,” “remain,” “will,” “would” or similar expressions and
the negatives of those terms. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Many factors could cause our actual activities or
results to differ materially from the activities and results
anticipated in forward-looking statements, including, but not
limited to: the Covid-19 impact, delays or unexpected casualties
related to construction under our investment plan and master plans,
our ability to generate or obtain the requisite capital to fully
develop and operate our airports, general economic, political,
demographic and business conditions in the geographic markets we
serve, decreases in passenger traffic, changes in the fees we may
charge under our concession agreements, inflation, depreciation and
devaluation of the AR$, EUR, BRL, UYU, AMD or the PEN against the
U.S. dollar, the early termination, revocation or failure to renew
or extend any of our concession agreements, the right of the
Argentine Government to buy out the AA2000 Concession Agreement,
changes in our investment commitments or our ability to meet our
obligations thereunder, existing and future governmental
regulations, natural disaster-related losses which may not be fully
insurable, terrorism in the international markets we serve,
epidemics, pandemics and other public health crises and changes in
interest rates or foreign exchange rates. The Company encourages
you to review the ‘Cautionary Statement’ and the ‘Risk Factor’
sections of our annual report on Form 20-F for the year ended
December 31, 2019 and any of CAAP’s other applicable filings with
the Securities and Exchange Commission for additional information
concerning factors that could cause those differences.
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Investor Relations Contact Patricio Iñaki Esnaola
Email: Patricio.esnaola@caairports.com Phone: +5411 4899-6716
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