Feasibility Study: Tax and Insurance Analysis for Armenia Airport Project, Colombia
Description of project
The project was carried out for Consultores de Ingeniería UG21 S.L. within the framework of the UAEE (Unidad Administrativa Especial de Aeronáutica Civil) initiative “Actualización del Plan Maestro del Aeropuerto de Armenia. Estudios y Diseños a Nivel de Fase III del PAL1 y Análisis de Conectividad de la Red Aeroportuaria del Eje Cafetero”.
It focused on conducting a comprehensive tax and insurance analysis to ensure fiscal and regulatory compliance in the airport’s financial and operational structures. The work also included an assessment of the organizational and operational model of the future airport operator, strengthening the project’s sustainability, institutional efficiency, and long-term management capacity.
Services provided
- Fiscal Analysis: Conducted a detailed assessment of tax and fiscal obligations, evaluating CAPEX/OPEX implications and long-term operational impacts.
- Insurance Assessment: Analyzed insurance and reinsurance requirements across all project phases — construction, operation, financing, and verification.
- Market Benchmarking: Carried out a comparative study of national and international insurance markets, estimating coverage values, premiums, and policy conditions.
- Compliance Review: Verified alignment with international lenders’ and insurers’ standards, including those of multilateral development banks.
- Organizational Design: Proposed a scalable operational model for the Armenia Airport operator, consistent with Colombia’s public administration standards (Decree 1083/2015).
- Strategic Recommendations: Delivered actionable guidance to optimize insurance management and improve fiscal efficiency, ensuring long-term institutional sustainability.
