A groundbreaking ceremony was due to take place today for Chinchero International Airport in Cusco, Peru, which is being built by a Korean-led consortium.

The $640m project, which will mainly cater to tourists visiting the former Inca capital of Machu Picchu, is being built by a consortium that includes Hyundai E&C of Korea, Sinohydro of China Mexico’s Ingenieros Civiles Asociados and Peru’s HV Contatistas, The Korea Herald reports.

Hyundai owns about 35% of the consortium.

The design is by Franco-Spanish architect Studio MAAC and the finance is being provided by the Peruvian government.

The completion date for Chinchero has been set at October 2024, but Korea Airports is negotiating to extend that to August of the following year. When complete, the airport will have a capacity of 5.7 million passengers a year.