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Originally Posted by Jasper
Any development going on? I was there at Easter and they were still working. Anybody have a first hand view of what's going on there, if anything? I was hoping that maybe with the election results, we'd have some influx of investment and a speeding-up of this project. I have heard that work is till going on but I am not confident in the reliability of the sources.
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This comes from one of the partner's websites, presumably from 1Q of 2004 since they talk about results from 2003. So, since it's a publicly traded company as far as I know, it would not be in their best interest to lie to shareholders (and you don't need to tell me that that hasn't happened b4):
Dominican Republic Airports
Dominican Republic
YVRAS is the airport operator of the consortium that was awarded the concession to develop and operate four airports in Dominican Republic for 20 years. During 2003, these airports handled a total of approximately 3.8 million passengers. In 2001 the concession contract was extended to 25 years and it includes two more airports: Catey and La Isabela.
Capital investment of over US$400 million will be dedicated by YVRAS and its consortium partners to upgrading and modernizing the airports.
The existing terminal of Dominican Republic's main airport, Las Americas International Airport, has been renovated and the expansion area is currently under construction.