newsfilter
← Latest News
Business Wire·

Corporación América Airports Announces Issuance of Administrative Decision Approving the Rebalancing of the Concession Agreement in Argentina

CAAP
  • The Government of Argentina issued an Administrative Decision to amend the concession agreement for Aeropuertos Argentina S.A. (AARG) to accommodate increased capital investment needs driven by passenger traffic growth.
  • The total capital investment program is expected to reach approximately $7.3 billion (including VAT), with $1.5 billion allocated for the 2027–2031 period.
  • Direct capital investments not funded by trusts amount to $600 million, with AARG protected from exceeding agreed investment levels unless financial equilibrium mechanisms are established.
  • The concession fee remains at 15% of gross revenues, allocated to trusts financing infrastructure projects within the National Airport System.
  • The contract term is extended by 18 years total (11 years for equilibrium restoration plus 7 years as compensation for direct investments), setting the expiration date to February 2056.
  • An agreed economic plan establishes an Internal Rate of Return (IRR) of 14.30%.
  • All passenger tariffs will be denominated in U.S. dollars.
  • The International Passenger Use Fee remains unchanged.
  • The Domestic Passenger Use Fee 1 will increase to $9.00 effective January 1, 2027.
  • The Regional Passenger Use Fee ($25.16) will expand its applicability to flights up to 1,000 km by January 1, 2027, up from the current 300 km limit.
  • Projections for the concession agreement will undergo triennial reviews to maintain economic and financial equilibrium.
  • Corporación América Airports (CAAP) currently operates 52 airports across six countries.