Brazil: Government Makes $590.7Mln From Auction Of 22 Airports
By ABr
By Daniel Mello
In an auction held earlier this week at São Paulo stock exchange B3, 22 airports were conceded across 12 states, bringing in $590.7 million. The competition was organized by Brazil’s National Civil Aviation Agency in three blocks: North, South, and Central.
The Companhia de Participações em Concessões, part of the CCR group, won the South (nine airports) for $375.9 million and the Central section (six airports) for $134.9 million. The bids had a premium of 1.534 and 9.156 percent, respectively. Vinci Airports won the North (seven airports), paying $75.7 million, a premium of 777 percent on the minimum bid fixed.
The Ministry of Infrastructure reports that the terminals—where 24 million passengers circulate every year—should receive approximately $1 billion in investment, in addition to the amounts paid for the contract award. The concession deals are valid for 30 years.
