Financial Plan
Financial Plan

For the construction of the new airport, Quiport S.A. created a contractual structure based on a financial plan that, in 2005 and 2006, won the international prize "Project Financing," awarded by International Finance Legal Review, for the quality of its project plan.

Some of the plans most important characteristics are:

• There is no financial guarantee made by the Ecuadorian Central Government or the City of Quito.
• The timeframe and budget are guaranteed by the government of Canada.

The total cost of the project, to be delivered in its entirety in October 2010, will cost more than US$590 million. The financial plan envisions three sources of financing:

US$74 million from Quiport S.A. investors' own capital.
US$376 million in credit granted to Quiport by multilateral development banks.
US$140 million from the efficient operation of the Mariscal Sucre International Airport.

The credit extended to Quiport S.A. comes from important financial institutions specializing in development projects:



Overseas Private Investment Corporation        
USD. 200 millions

Inter-American Development Bank     
USD. 75 millions



Export-Import Bank of the United States
USD. 63.8 millions

Export Development Canada
USD. 37.5 millions

Administration and Fund Management

All the funding will be administered through a local trusteeship and accounts under the control of lenders. Transfers will be made from there to cover the operating costs of the Mariscal International Airport and the outlays necessary to ensure cash flow for the construction of the new airport.

Quiport S.A. assumes all the project's economic risks until the end of the concession without the Central Government or the City of Quito neither making any investment, nor providing any financial guarantee.


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