Brazil awarded on Monday contracts for private companies to expand and operate terminals at three of the country's busiest airports, hoping concessions worth 24.5 billion Reais (14.21bn dollars) will improve the cramped and delay-plagued facilities amid soaring demand for air travel and preparations for the 2014 World Cup and 2016 Olympics.
The Argentine state has made effective its option to a 15% stake of Aeropuertos Argentina 2000 which has the concession of the country’s 33 main air terminals. The company which has the concession, Corporacion America belongs to Eduardo Eunerkian, the same man who financed the Argentine Memorial cemetery in the Falkland Islands.