Hyundai E&C for the first time in its history bagged an order in Peru for a ‘Site Preparation for the Chinchero International Airport’.

The Peru Chinchero New Airport Site Preparation Project is an order valued at 158.2 billion won   (143.8 million dollars) placed by the Ministry of Transport and Communications of Peru, and Hyundai E&C formed a J/V HV Constratista with a local builder (Hyundai E&C 55%, around 87.5 billion won) to clinch its first order in Peru since the establishment of the company’s local branch in the country.

The new airport will be a new gate way for visitors to Machu Picchu, the famous site of ancient Inca ruins and replace the existing Alejandro Velasco Astete International Airport which had flight safety issues and nearby noise concerns.

The new airport will be located 15km northwest of Cusco and Hyundai E&C is tasked to fill up ground and improve soft ground for the new airport.

The overall project aiming to newly develop an airport for a budget of 500 million dollars (around 600 billion won) will consist of a 4km runway, 13 boarding gates and 1 terminal building with an annual capacity to accommodate 6 million people. Hyundai E&C will leverage the latest project order for site preparation to clinch upcoming orders for construction of passenger terminal/runway whose bidding are currently preparation. 

Following the bid closing on October 30, 2020, Hyundai E&C ranked first in the combined technical and commercial evaluation results, beating five of its global rivals from Spain, China, and Portugal.

In particular, it is all the more meaningful since the PMO project overseeing the overall management of the new airport project was awarded to a public-private consortium Team Korea based on G2G contract in 2019 and that the main project for construction has been awarded to Hyundai E&C this time.