CDB provides $175 million loan for El Dorado International Airport Construction and Expansion Project in Bogota

In December 2010, Concesionaria Operadora Aeroportuaria Internacional S.A. (“Opain” or “Opain S.A.”) received loans from China Development Bank, Inter-American Development Bank, and Corporacion Andina de Fomento for the El Dorado International Airport Construction and Expansion Project in Bogota. CDB contributed $175 million, IDB contributed $165 million, and CAF contributed $50 million. The CDB loan carried a 14 year maturity and an interest rate of 7.21%. Opain S.A. is a project company (special purpose vehicle) organized under the laws of Colombia. Its shareholders are Grupo Odinsa S.A., CSS Constructores S.A., Construcciones El Condor S.A., Termotécnica Coindustrial S.A., and Marval S.A. The purpose of this project was to finance the development and construction costs for the expansion, operation and commercial development of El Dorado International Airport in Bogota. The airport is located 15 km west of Bogota This project includes the construction of a new terminal that will include domestic and international flight services, new cargo facilities, including additional parking positions for planes; a new office building for Aerocivil; a new maintenance area; a new fire station, and a new control tower. The project was expected to be completed in 2014. The rennovation was completed in December 2017. In 2006, Opain S.A. received a 20-year contract from Aerocivil to expand, modernize and operate El Dorado Airport. El Dorado International Airport handles the most cargo of any Latin American airport; and is the 3rd busiest in passenger-traffic.

Additional details

1. While some sources discuss these loans as having been contracted in 2012, others say they were contracted in 2010. This issue warrants further investigation. 2. OPAIN S.A. refinanced its debts to these development banks in 2015.

Number of official sources

8

Number of total sources

14