August 2003, Curaçao Airport Partners (CAP), a consortium led
by Alterra Partners, took over the operations of Curaçao International
Airport. Alterra is owned 50 percent by the US leading infrastructure
developer, Bechtel Enterprises, and 50 percent by Singapore Changi
Airport Enterprise, a wholly owned subsidiary of the Civil Aviation
Authority of Singapore. The consortium also includes Trabajos Industriales
y Mecanos, a private Venezuelan company, which, through its subsidiaries,
affiliates and associated companies, has twenty-six years experience
in civil, mechanical and electrical engineering projects as well as
property development in Venezuela and the Caribbean. The third partner
is Janssen de Jong Caribbean, a Dutch-owned firm with more than fifty
years of experience in the implementation of infrastructure and civil
construction projects in the Netherlands and the Caribbean.
The Alterra Consortium has designed and built a new terminal, upgraded
the service level, and operates the terminal, as well as transfer
technical and operational know-how to the Curaçao Airport team.
This upgrade has provided opportunities for retail and industrial
development in and around the airport. Specific opportunities in retail,
commercial, and industrial development have emerged with the airport
upgrade and the development of ancillary and surrounding properties.
As Curaçao's airport continues to gain prominence in the region
and the overall economic development of the island accelerates, investors
should look closely at this sector. Most importantly, the improved
airport will enhance the ability of Curaçao to serve as a transshipment
hub for goods, a center for business services, a thriving tourism
destination, and a center of education and culture in the region.