CCC and the New Quito International Airport
The New Quito International Airport (NQIA), the most modern of its kind in South America, is being constructed with the support and guarantee of the Canadian Commercial Corporation (CCC), the Government of Canada’s international contracting agency.
In 2005, CCC signed a $413 million contract to act as prime contractor for the construction of the New Quito International Airport in Ecuador. The Government of Canada, through CCC, guarantees that the airport will be completed on time, on budget and according to the quality standards stated in the contracts between CCC and CORPAQ, the local government entity, and between CCC and Aecon, the Canadian construction firm. The Canadian Commercial Corporation has been a key player in a number of projects in Ecuador in the past, and as an entity of the Government of Canada, CCC is well positioned to continue building on the solid relationship between Ecuador and Canada.
Contributing to Ecuador’s Prosperity
To date, the project is progressing according to the construction schedule, with various milestones achieved throughout the course of the project. During a recent meeting between Canadian investors in Ecuador and Ecuadorian President, Rafael Correa, the President highlighted the need for concession models for infrastructure projects that, in many cases, include financing, construction, operation and transfer, such is the case of the new airport project.
Ensuring Responsible Development
CCC adheres to the Government of Canada’s standards for Corporate Social Responsibility (CSR), which include environmental, social, and ethical business practices. At CCC, the importance of CSR and the obligation to conduct our business in a socially responsible manner is recognized and demonstrated through the New Quito International Airport Project. CCC’s approach to CSR means that there is local staff engagement, knowledge transfer and that environmental laws are respected.
The NQIA will act as a centre for regional trade, while further solidifying the Canadian government’s relationship with Ecuador. The success of this project will facilitate collaboration on future projects in the region, and the Government of Canada is proud of its participation in this project, through the CCC, together with Canadian contractors’ participation. The airport is expected to be operational by October 2010.
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