Latin American airports will need US$178 billion to nearly double their traffic
Airports in Latin America and the Caribbean will require investment of around US$178 billion over the next thirty years to handle demand that would rise from 809 million passengers this year to around 1.5 billion in 2045, according to projections presented in Lima at the annual assembly of Airports Council International.
The Latin American airports industry is projected to require US$178 billion in investments over the next 30 years to accommodate a projected passenger traffic increase from 809 million in 2025 to around 1.5 billion in 2045, according to a presentation at the Airports Council International-Latin America and Caribbean (ACI-LAC) annual assembly.
The director general of ACI-LAC, Rafael Echevarne, estimated a long-term annual growth rate of 3.1% and noted that annual infrastructure spending would need to rise from around US$3.4 billion to between US$8.6 and 8.7 billion by mid-century. The region's connectivity has not fully recovered from the pandemic, with Echevarne highlighting that 20% of city pairs have been lost, mainly at regional airports in Peru, Ecuador, and Chile, and advocating for the liberalization of air transport to address this issue.
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