The Inter-American Development Bank (IDB) and the Overseas Private Investment Corporation (OPIC) provided financing to a private consortium to operate the Juan Santamaría International Airport, the gateway to Costa Rica. Nathan conducted a due diligence analysis of the sponsors’ development plan, Costa Rica’s institutional and economic regulatory framework, and aviation safety and security issues in the country.
Our independent traffic forecast analyzed the economic downturn of 2008 and its impact on Costa Rica’s tourism market. Our review of the sponsor’s financial model included a sensitivity analysis to evaluate the impact on the airport company’s financial performance of various scenarios for recovery of the world economy and relevant tourism markets. Our analysis assured lenders that the project would be able to service its debt even under the most pessimistic traffic scenario.