The Development Process
The P3 Process Timeline
VIPA has developed an initial schedule for this Airports P3 Project.
2022
Q4
Official project announcement
Issuance of the Request for Qualifications (RFQ )
2023
Q1
Investor conferences and site visits at HERA and CEKA
RFQ responses due
Q2
Evaluation and selection of successful bidders by the VIPA selection committee
Shortlisted bidders presented to the VIPA Board of Governors for approval
VIPA Board of Governors authorizes the issuance of the Request for Proposal (RFP)
Issue RFP
In-market period and Collaborative Dialogue Meetings (CDM) begin
Q3
In-market period and CDMs continue
Q4
RFP responses due
Evaluation of RFP proposals by the selection committee
Selection of top bidders
Interviews of top bidders and entertainment of their Best and Final Offers (BAFO)
Selection of the Winning Bidder by the Selection Committee and recommendation to the VIPA Board
2024
Q1
Approval and selection of the preferred proposer by the VIPA Board of Governors Commercial Close
Notice to Proceed (NTP) for environmental, approval, design, permitting
Q2
Financial Close
2025
Q1
Project Groundbreaking
2026
Q4
Completion of terminal construction