Brazil privatises three airports
February 7th, 2012 - 11:44 am ICT by IANSSao Paulo, Feb 7 (IANS/EFE) Brazilian-led consortiums obtained concessions to operate the country’s busiest airport and two smaller terminals, the National Civil Aviation Agency said after Monday’s auction at the Sao Paulo stock exchange.
The auction raised 24.53 billion reais ($14.22 billion), nearly 3 1/2 times what the government expected.
The 20-year concession for Guarulhos international airport, which serves Sao Paulo, went to a group led by Brazilian investment-fund manager Invepar and includes Airports Co. South Africa (ACSA).
ACSA already runs South Africa’s three main air hubs and six years ago won a contract to manage the terminal in Mumbai, India.
The Invepar-ACSA consortium paid 16.21 billion reais ($9.4 billion), more than 370 percent of the minimum bid established by ANAC for the Guarulhos concession.
Triunfo Participacoes e Investimentos SA, a Brazilian construction firm, had the winning bid for a 30-year concession to run the airport in Campinas.
Another Brazilian builder, Engevix Engenharia SA, led the consortium that got a 25-year concession for the airport in Brasilia.
The 11 consortiums admitted to the auction presented a total of 22 proposals for the three concessions on offer.
The privatisation initiative aims to improve Brazil’s air transport capability as the country gears up to host the 2014 soccer World Cup and the 2016 Olympics.
Besides the concession fees, the winning bidders pledged investments in modernizing and expanding the airports.
–IANS/EFE
rd
- Brazil leases airport to private consortium - Nov 29, 2011
- Mexican telecom giant to invest $5.4 bn in Brazil - Dec 28, 2011
- Chinese oil firm eyes investments in Brazil - Oct 13, 2011
- Five cities hold 25 percent of Brazil's national wealth - Dec 15, 2011
- Brazilian oil giant to build world's largest ethanol plant - Aug 19, 2011
- Four die in Brazil plane crash - Feb 17, 2012
- Brazilian gang stealing hair from beauty salons - Dec 28, 2011
- McDonald's fined in Brazil for including toys in kids' meals - Dec 07, 2011
- Kidnap victim freed after scrawling note on toilet paper - Oct 11, 2011
- Brazilian government sees economy expanding through 2014 - Feb 14, 2012
- Brazil to seek bids for high-speed rail line - Dec 08, 2009
- Corinthians to play Emelec without center-back Marquinhos - May 01, 2012
- Brazil to launch bullet train soon - Jul 15, 2010
- Brazil's Petrobras announces deep-water oil find - Jan 27, 2011
- Strike halts work on mega-dam in Brazil - Apr 24, 2012
Tags: 2016 olympics, acsa, air transport, anac, bidders, busiest airport, concession, concessions, construction firm, engenharia, guarulhos international airport, hubs, investimentos, investment fund, mumbai india, national civil aviation, sao paulo stock, sao paulo stock exchange, soccer world cup, transport capability