INVESTMENT OPPORTUNITIES

Viru Viru International Airport, Santa Cruz de la Sierra

On March 21, 2019, the presentation of the "Viru Viru International Airport" project was carried out to private investors in the city of Santa Cruz de la Sierra. The television network PAT conducted an interview to the Viceminister of Strategic Planning of the State Silvana Zubieta Bacarreza, who explains the project in detail. Next, the video of the interview:

IDENTIFICATION OF THE PROJECT

Bolivia currently has three airports that have international terminals: Viru International Airport Viru (Santa Cruz), Jorge Wilstermann International Airport (Cochabamba) and El Alto (La Paz). These three airports concentrate more than 85% of the country's traffic.

The Viru International Airport Viru , built in 1983 and located 15 km from the center of Santa Cruz in the province of Warnes , is the largest airport in the country. It has a runway 3,500 meters long and 45 meters wide, allowing the use of aircraft of various sizes. In turn, it has eight taxiways and four aircraft platforms; a single terminal for national and international passengers, a cargo terminal, a presidential terminal, a technical block and a control tower, all with SAT ground assistance services and police and fire services.

This airport receives national, regional and international flights, connecting the country with countries in North America, the rest of South America and Europe. In 2016, the airport handled 2.48 million passengers, and has been registering increased tenure in both the domestic and international passenger movement.

Santa Cruz de la Sierra represents the central axis of the economic development of Bolivia and has been registering a rapid growth, as well as the fact that other airports in the region have limitations for its expansion, the Government has proposed to improve the airport infrastructure.

It is important to highlight the geographical location on the continent that the airport has. The Viru Airport Viru is located in the center of the continent, which makes it a strategic point to position itself as an important international cargo and passenger distribution airport in the region.

GENERAL CONSIDERATIONS

Bolivia's development planning process, its economic model, the sustainability of public policies and government action, have created conditions of stability and economic and legal security, to structure and operationalize sectorial strategies such as air transport, which reveal a growing evolution, with extraordinarily large growth rates, historically recorded in the volumes of passengers, cargo and operations.

The excellent health of the Bolivian economy, in parallel to the socioeconomic and territorial conditions of the department of Santa Cruz, with a powerful growth of its economy and high participation in the national GDP positively affect the prospects for increasing real and potential demand for air transport; favored by the implementation of large-scale economic activities and projects that strengthen the country's logistics network, making the supply of infrastructure not only impact the national environment, it also favors international, intra- regional and inter-regional connectivity, involving intermodal air-land-rail-maritime projects, with particular characteristics for Mediterranean countries like this one.

The Viru International Airport and the area of direct influence of the project, offers highly attractive and favorable conditions for the development of air and commercial operations. Its geostrategic condition, the possibilities of competition and complementarity with other centers of contribution and dispersion of the region; as well as the important land assets available, allows the implementation of a project with wide possibilities of offering diversified services in terms of commercial aviation and logistics in general.

The analysis of the historical demand, allows us to conclude that the growth of the volume of passengers and air cargo in Bolivia, both in the short and long term, even in a scenario of low estimate, guarantee long-term financial, social and economic profitability, in any environment of qualitative and quantitative analysis of demand.

As a consequence of the above, the objectives and scope of the investment proposed by the Plurinational State of Bolivia, in relation to the International Airport Viru Viru, are justified in the analysis of projected potential demand, capacity studies of existing infrastructures, extensions and new works such as terminals, runway, taxiways, platforms.

With the improvement of the infrastructure and the implementation of airport technological innovation, the Viru Viru International Airport HUB will be positioned as an important logistics center for the handling and processing of passengers and air cargo in South America.

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