Berger Home Page George Washington Bridge, New York/New Jersey USA Esquimalt Graving Dock, Victoria, British Columbia CANADA Green Line Mass Transit Project, Boston, Massachusetts USA Highway Design, Guinea AFRICA Lake Chelan Hydroelectric Project, Washington USA Computer Supported Management Training Program, Guangdong, China ASIA Channel Tunnel, UK/France EUROPE Wetland Mitigation Banking, Hackensack Meadowlands District, New Jersey USA I-295 Interchange, New Jersey USA Archaeological Investigations, Washington Navy Yard, Washington, DC USA Newark Airport Monorail, New Jersey USA

  
About Us    Locations    Sectors    Services    News
     Employment    Login    Contact Us

Santiago Airport, Chile

Santiago Airport

In December 1997, the Chilean Ministry of Public Works awarded a concession to SCL Terminal Aereo Santiago S.A. (SCL) to operate all of the landside area of the Santiago Airport, including the passenger terminals and associated facilities, for a 15 year period. The Concession requires SCL to undertake a project of airport expansion and renovation, to be performed in two phases: Phase 1 scheduled to be completed by December 1999; and Phase 2, scheduled to be completed by July 2001. SCL is carrying out the Renovation under a turnkey construction contract with Dragados FCC Internacional de Construccion S.A. for the engineering, procurement, and construction on a fixed-price basis.

The Renovation project is partially financed through an international bond offering of US$213 million. The closing date for the sale of these 6.95% senior secured bonds due 2012 was December 22, 1998. Prior to closing, The Louis Berger Group (Berger) was appointed as Independent Engineer (IE) to review and render its opinion on the Renovation, the EPC Contract, and the construction schedule to purchasers of the bonds. Berger's report dated December 9, 1998 was included as Annex C of the Offering Circular.

Berger rendered an opinion on the following aspects:

  • Review the feasibility of key provisions of the EPC contract, particularly the adequacy of the obligations undertaken by DFC to meet the proposed construction cost and schedule and the breadth of the scope of work.
  • Assess the reasonableness of the construction budget and schedule, as related to the overall work requirements.
  • Assess the conformity of project plans and design with international aviation standards and local government specifications.
  • Review the status of permits and licenses, as well as any other pertinent project issues to identify any significant risks or issues that can affect the costs and/or schedule.

After the closing of the transaction Berger, in its role as Independent Engineer, is also monitoring the project progress and provide monthly status reports to the bond trustees. The project was financed by Salomon Smith Barney and ABN Amro Bank, and the continuing role is financed by SCL Terminal Aereo Santiago, S.A.

Go Back
 
 


© 2008 The Louis Berger Group, Inc. All Rights Reserved.