Colombia has a public-private airport alliance: banks finance modernization of Cartagena airport
Cartagena's Rafael Núñez secured resources for modernization. Photo: Courtesy OINAC
TL;DR
- The Rafael Núñez International Airport in Cartagena has secured financial backing for its modernization and expansion.
- OINAC, the operator, closed a financial operation with Banco Davivienda, Itaú Colombia, CAF-AM Ashmore II, and BONUS – Compartimento Infraestructura II.
- This is Colombia's first public-private partnership (APP) in airports initiated by the private sector.
- The airport is the third most important in Colombia by passenger numbers and the busiest in the Colombian Caribbean.
- The project has received environmental approval via a minor change mechanism, allowing 75% of interventions.
- Coordination with the Mayor's Office of Cartagena is crucial for the release of road and circulation spaces to enable new construction fronts.