📋 Tender Overview
Compliance guarantees legal security and now the sector focuses its efforts on the definitive promotion of the Chinchero Airport, a priority for the development of Cusco and the country.In strict compliance with the rule of law and in defense of legal security and investor confidence in the country, the Ministry of Transportation and Communications (MTC) has managed the payment corresponding to the arbitration award related to the concession contract that existed for the execution of the Chinchero International Airport in Cusco (AICC).
With this action, the MTC complies with an international obligation and concludes any legal contingency linked to the then concession contract for the aforementioned airport.
The decision was adopted after an exhaustive analysis and inter-institutional coordination between the general directorates and executing units of the MTC, the Ministry of Economy and Finance (MEF) and other entities involved, putting an end to a long-standing legal process.
Honoring the decisions of international arbitration tribunals is a fundamental pillar for Perus credibility in the world and a requirement to attract quality long-term investments, said the Minister of Transportation and Communications, Aldo Prieto Barrera, who highlighted that non-compliance would have generated higher financial costs for interest and possible sanctions, in addition to severe reputational damage for the country.
The management carried out also allowed us to reach an agreement that avoids the payment of interest generated by non-payment and the generation of additional interests and coercive execution processes, optimizing the final use of public resources, he said.
Chinchero Airport will be a reality
Likewise, he highlighted that the conclusion of this legal chapter allows the MTC to redouble its efforts and exclusively prioritize the prompt execution of the Chinchero Airport, a project that will provide the country with a modern, safe airport infrastructure with the capacity to meet the growing tourist demand, improving the experience of visitors and generating greater development opportunities for local communities.
The MTC and the Government reaffirm their commitment to the continuity of the Chinchero Airport project, which will substantially improve air connectivity in Peru, positioning Cusco as a hub for regional connections and strengthening the integration of the entire country.
