Route Development
Aeropuertos Andinos del Perú Secures US$470M for Airport Upgrades
Aeropuertos Andinos del Perú obtained US$470 million to upgrade five regional airports in southern Peru between 2026 and 2028.
This article summarizes reporting by Latin Lawyer. The original report is paywalled; this article summarizes publicly available elements and public remarks.
Aeropuertos Andinos del Perú (AAP) has successfully negotiated an amendment to its concession agreements, unlocking a massive capital injection for regional aviation infrastructure. According to reporting by Latin Lawyer, the operator secured a deal enabling more than US$470 million in investments across its network of Airports in southern Peru.
The legal framework for the expansion was guided by the Peruvian law firm Rubio Leguía Normand, which advised AAP throughout the complex negotiations. The agreement, officially designated as Addendum No. 5, was signed with Peru’s Ministry of Transport and Communications (MTC) in mid-March 2026.
This development marks a significant milestone for South American aviation infrastructure. By modernizing key regional hubs, the project aims to boost tourism, improve operational safety, and stimulate economic growth across multiple Peruvian departments.
Scope of the US$470 Million Investments
Planned Infrastructure Upgrades
The newly approved funds are earmarked for comprehensive upgrades across five regional airports managed by AAP. The facilities slated for modernization are located in Arequipa, Ayacucho, Juliaca, Puerto Maldonado, and Tacna.
Public records from Peru’s Private Investment Promotion Agency (PROINVERSIÓN) indicate that the capital will be deployed between 2026 and 2028. The scope of work includes the rehabilitation of runway pavements, the expansion of passenger terminals, and the installation of new perimeter fencing and advanced drainage systems.
These enhancements are designed to elevate operational capacity and passenger comfort. Industry estimates from PROINVERSIÓN suggest the modernized network will directly benefit more than 3.6 million Peruvian citizens, while other regional legal reports project an impact on up to 5 million annual passengers.
Legal and Regulatory Milestones
Government Collaboration
Navigating the regulatory landscape for public-private partnerships in Peru requires specialized legal expertise. Latin Lawyer notes that Rubio Leguía Normand played a pivotal role in helping AAP amend its existing concession contracts to accommodate the new investment framework.
The signing ceremony for the addendum took place at the Government Palace in Lima, underscoring the national importance of the project. The agreement maintains AAP’s current concession timeline, which runs until 2036, without altering the fundamental financing structure of the original contract.
During the event, government officials emphasized the collaborative effort required to finalize the deal.
“The signing of this addendum is the result of coordinated technical work that allowed key investments for the country to be unlocked. This is a concrete step to accelerate infrastructure and close gaps in southern Peru,” stated Luis Del Carpio, Executive President of PROINVERSIÓN.
AirPro News Analysis
Strategic Implications for Regional Aviation
We view this US$470 million investment as a critical step in decentralizing Peru’s air traffic, which has historically been heavily reliant on Lima’s Jorge Chávez International Airport. By upgrading facilities in cities like Arequipa and Puerto Maldonado, AAP is positioning southern Peru to handle increased direct domestic and international flights.
Furthermore, the successful negotiation of Addendum No. 5 demonstrates a stabilizing regulatory environment for infrastructure investors in the region. The involvement of high-profile legal advisors and multiple government agencies suggests a coordinated push to modernize national assets ahead of projected long-term passenger growth.
Frequently Asked Questions (FAQ)
Which airports are included in the AAP investment deal?
The US$470 million investment covers five airports in southern Peru: Arequipa, Ayacucho, Juliaca, Puerto Maldonado, and Tacna.
When will the construction and upgrades take place?
According to PROINVERSIÓN, the infrastructure projects are scheduled to be executed between 2026 and 2028.
Who advised Aeropuertos Andinos del Perú on the agreement?
The Peruvian law firm Rubio Leguía Normand provided legal counsel to AAP during the negotiation of the concession amendments.
Sources
Photo Credit: Gomez Platero