OPIC, IADB, US Exim and EDC
Lenders’ technical advisory services and critical risk management
It was the first capital airport since the new Hong Kong International Airport was opened in 1998 to require a ‘hard’ opening. In addition to the technical challenges, halfway through construction the Ecuadorian Government initiated a renegotiation of the terms of the concession contract. Construction was put on hold for 19 months while the revised concession was agreed. We maintained close relations with the concession sponsors’ group and senior airport management in order to keep the lenders fully aware of developments.