Continuing the efforts of the Samper administration (1995-1999) to make Colombian airports more efficient, the Pastrana administration (1999-2003) has awarded another airport concession to the private sector. On this occasion, a BOMT (build, operate, maintain and transfer) agreement was executed by the government's Special Aeronautical Administrative Unit and a joint venture group, consisting of Spanish and Colombian investors. State concessions are restricted to BOT (build, operate and transfer) or BOMT agreements.

The success of this latest concession has prompted the Colombian government to seek ways to attract more foreign investment. Thus, interested parties are awaiting the dates when the Rionegro airport in Medellín, and the El Dorado airport in Santafé de Bogotá will be offered as concessions.

For further information on this topic please contact Juan Camilo Perez or Juan Carlos Rocha at Prieto, Gutierrez, Carrizosa & Associates by telephone (+57 1 322 0000) or by fax (+57 1 3220010) or by e-mail ([email protected] or [email protected]).

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