News Listings for Bogota - El Dorado International

  • Latin American lead

    News | 30 Apr 1996 23:00

    Increasingly creative financial mechanisms and new products that insure against political and contractual risks, are providing incentives for private sector investment in Latin American and Caribbean airports. By Ellis Juan.As the air transport sector continues its rapid expansion in an increasingly globalised economy, the entry of fast-growing new participants like China (with growth rates of 20 per cent), Eastern Europe, and the CIS nations, together with growth in more traditional markets such as Southeast Asia and Latin America, is putting ever greater demands on the level of investment needed to meet air transport infrastructure requirements. <p>Large capital injections will be needed at the beginning of the next millennium for the modernisation of passenger and cargo aircraft fleets, the expansion and rehabilitation of airport infrastructure, and more sophisticated air navigation systems. The International Civil Aviation Organisation (Icao) estimates the investment that will