German consortium wins Peru airport bid

The authorities in Peru have chosen a consortium led by Germany's Frankfurt airport operator to run Lima's Jorge Chavez International airport.

The consortium -- comprising Germany's Flughafen Frankfurt Main, the United States based Bechtel Enterprises and Peru's Cosapi -- won the thirty year concession after three other bidders were disqualified.

They're expected to invest some one-hundred million dollars in the next three years.

Correspondents say that although Peru's political crisis has cast a shadow over the country's fragile economy, the government has said its privatization programme will continue unabated.

From the newsroom of the BBC World Service