The economic advantages of renegotiating the AILA concession contract with AERODOM for the DR

Punta Cana, RD.- The announced renegotiation of the concession contract for the Las Américas International Airport of Santo Domingo (AILA) with the company” target=”_blank” rel=”noopener”>VINCI/AERODOM Airports on the part of the Dominican government there was a lot to talk about in recent days, business and union entities showed themselves, many in favor and a few others against.

The renegotiation of the agreement was also widely supported during the public hearing held by the Special Commission of the Chamber of Deputies that studies the initiative and here we detail the benefits that this renegotiation will bring to the Dominican public coffers:

Economic benefits for the Dominican Republic

As reported, the economic benefits for the country from this renegotiation are estimated between 1,905 and 2,155 million dollars, including an initial payment of 775 million dollars for the renewal of the right and an investment program of 830 million dollars to improve the airport infrastructure.

New terminal construction at AILA

The investment program of the new contract will include the construction of a new terminal at AILA with an investment of 250 million dollars and a 10% participation in the benefits for the State from 2030, and 20% from 2035 always. traffic estimates are exceeded.

Traffic capacity will increase

The AILA has a current capacity to receive 6.5 million a year, the new infrastructure will allow it to accommodate 8.4 million passengers, which is the estimate for the year 2030 based on the increase in visitors to the country.

Funds for works in Santo Domingo and San Cristóbal

The funds from the initial payment of 775 million dollars will be allocated to important infrastructure projects in the Santo Domingo region and its surroundings, including asphalt, construction of expressways and bridges, as well as the installation of a Trauma Unit in San Cristóbal. These works, along with others throughout the country, represent a total investment of approximately 757 million dollars.

Investment 2015-2023

Since 2016, under the management of VINCI Airports, AERODOM has invested more than $102 million in maintenance, improvements and expansion of its airports, with recent projects such as a new cargo terminal at AILA and the construction of the central atrium at the same terminal.

In terms of fiscal contribution, AERODOM has paid more than 341 million dollars in taxes to the Dominican State since 2015, being an important taxpayer in the tourism industry.

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