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Brazil to auction Rio do Janeiro and Belo Horizonte airports concessions

Monday, August 12th 2013 - 01:09 UTC
Full article 13 comments
The government is asking 2.1bn dollars for Rio’s Galeao The government is asking 2.1bn dollars for Rio’s Galeao

An auction to privatize airports in Rio and Belo Horizonte, two host cities for the 2014 World Cup, will be held on October 31, Brazilian authorities have announced.

Presidential chief of staff Gleisi Hoffmann announced the date for the auction to sell concessions to run. Rio's Galeao airport and Belo Horizonte's Confins at a Brasilia press conference.

Officials said bidders will have to make a minimum offer of 2.1 billion dollars for the Galeao concession and 450 million for Confins,

In February 2012, 20-year concessions were granted to manage three airports: two in Sao Paulo and one in Brasilia, breaking the monopoly of Infraero, the federal agency that runs more than 70 airports.

Brazil, a continent-sized country of 196 million, has moved to modernize its aging and congested airports in preparation for handling tens of thousands of tourists expected for next year's World Cup and the 2016 Rio summer Olympics.


Categories: Investments, Tourism, Brazil.

Top Comments

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  • GeoffWard2

    Well, these aren't the actions of a classically socialist president - more the actions of a realistic boss needing to draw on worldwide expertise to ready the country for the big events. It also tells Infraero - and others - that the monopolistic days of insatitiable profit from poor provision are gone.

    Aug 12th, 2013 - 10:38 am 0
  • ChrisR

    @ 1

    I agree, now we just need that approach in Uruguay: UTE, ANCAP, BSE and leave ANTEL to the existing management, they at least do know what they are doing.

    Aug 12th, 2013 - 04:32 pm 0
  • JetsreamBR

    ...Well, as long as those airport privatizations don't turn out to be as catastrophical as the railroad ones that were in the past, i see no objections to it. It can also be a good chance to upgrade the quality of the aerial transportation system, so it seems pretty valid.

    Aug 13th, 2013 - 12:22 pm 0
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