Lima Airport City

The first phase of this project started in 2018 with the incorporation of this airport city concept in the incorporation of this airport city concept into the long-term development the long-term development plans of Jorge Chávez International Jorge Chávez International Airport, the elaboration of a Master Plan Plan that identified areas suitable for different uses and the needs of the airport and its users. needs of the airport and its users. In October 2020 LAP awarded the first project of the Airport City for the development of the first development of the first Logistics Park in Callao. In addition, LAP plans to award the first Airport City project in October 2020, LAP also plans to award in the short term other projects necessary to projects necessary for the operation of the new terminal, such as hotels hotels, offices and aeronautical uses. Notwithstanding the above, this project will be developed and consolidated over the next 30 years. the next 30 years.

LAP normally conducts private tenders among interested interested companies. To do so, LAP identifies a need, validates it with the market, launches a private validates it with the market, launches a private bidding process among all interested companies, receives proposals from the bidders, qualifies them and declares a winner with the award of the contract, and declares a winner with the award of the bid. pro. During this process, LAP seeks to obtain the best conditions for LAP and the winning company. conditions for LAP and the winning company, creating free competition among bidders through competition among bidders through a transparent and non-discriminatory selection process. transparent and non-discriminatory selection process.

This airport city concept represents the evolution of modern airports since the beginning of this century. That is why modern airports in Europe have adopted this concept since the early 2000s, for example: Frankfurt airport, Schiphol in Amsterdam, El Prat in Barcelona, Dusseldorf airport, Brussels airport, among others. This concept also represents a new development model, which is both spatial and economic. With it, airports contribute to the development of their localities, cities and regions, creating new dynamic ecosystems for different profiles of users and companies, which increasingly require more services at airports and value a growing air connectivity for passengers and cargo.

The Airport City will be integrated, spatially and economically, through an integrated planning with the authorities of Callao and the Region. LAP has been working on an institutional agenda with the Municipality

Provincial Municipality of Callao, the Regional Government of Callao, and with the relevant central government ministries (e.g. MTC, Mincetur, others) in order to promote infrastructure projects that will facilitate the connection of the City with the Airport.

Also, LAP has been integrated and actively participated in the Callao Metropolitan Development Plan (PDM 2040), which has proposed a territorial development plan for the entire Callao region, is inclusive and is orie

.

Among the main benefits, we can mention the following:

• It will generate more direct and indirect employment
• It will revitalize the surrounding areas of the Callao region
• It will generate new business opportunities
• It will boost the economy in the surrounding areas
• It will provide new urban infrastructure.

LAP plays the role of administrator of the Master Plan for the development of the airport city projects, and promoter of third party investment in them. To this end, LAP will invest close to US$ 1.5 billion in new airport infrastructure in order to increase the airport's capacity and the national, regional and global connectivity of Jorge Chavez.

Among the main ones we could mention the following:

• LAP assumes the investment of the urban development and all the access road infrastructure for the vehicular entrance and exit to the Airport City
• LAP grants contract terms that allow making viable the investment of third parties within the limits of the Concession Contract
• The Concession Contract establishes investment protection clauses for the developer or investor
• The Developer or investor does not need to invest in the purchase of the land, because it will lease the same to LAP during the term of its contract
• The Projects located in the concession lands can avail themselves of Modality "A" of Law 29090, which allows an automatic approval of the Building License
• The Projects are included within the future environmental impact modifications that LAP manages in a centralized manner.

LAP has in its master plan projected areas for the development of the following assets:

• Offices
• Hotels
• Parking lots for different uses and users
• Logistic centers
• Aeronautical activities (air cargo warehouses, ramp stations, aircraft hangars, among others)
• Retail
• Others

The development of each of these assets will depend on the demand and investment appetite of third-party developers and investors. All of these areas are independent of the areas necessary for the airport activities at Jorge Chavez.

LAP normally conducts private tenders among interested companies. To do so, LAP identifies a need, validates it with the market, launches a private tender among all interested companies, receives proposals from bidders, qualifies them and declares a winner with the award of the good pro. During this process, LAP seeks to obtain the best conditions for LAP and the winning company, generating free competition among bidders through a transparent and non-discriminatory selection process.