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HomeBreadcrumbCalendarsBreadcrumbAuctions

Control of Rio airport auctioned ahead of World Cup

days between Late December and Early July 1 to 44 days from now
Brazil

Published: 20 Dec 2012 | By Mohammed Sheriff and 1 other | Last updated: 20 Dec 2012
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Control of Rio airport auctioned ahead of World Cup -
Rio de Janeiro Airport
flickr-Andrew Ciscel
Brazil is set to auction control over Rio de Janeiro's international airport as it seeks to upgrade its ageing terminals before hosting the 2014 World Cup.


The announcement came from Brazilian President Dilma Rousseff, whose government hopes to raise $5.5 billion by ceding management of the capital's Antonio Carlos Jobim airport.


Air travel in the country has doubled over the past decade spurred by the rise in income levels, but investment in Brazil's airport has struggled to keep up with the growing consumer demand. 


Rousseff managed to overcome a long-standing resistance from her Worker's Party in February 2012 by selling control of three of Brazil's airports. 


Despite the fact that the auction failed to attract bids from the world's major airport operators, Rousseff maintained she has "learned a lot" from the earlier attempts.


"We believe it's extremely important to have a partnership between Brazilian investors and operators of major international airports," the Brazilian president added.

Source
bloomberg.org www.bloomberg.com
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About this event
Created by Mohammed Sheriff
on Thu 20 Dec 2012
Modified by Georgeta GheorgheLast modified by Georgeta Gheorghe
on Thu 20 Dec 2012
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Location: Brazil
Earliest date: Monday 24 December 2012
Latest date: Monday 1 July 2013
Planning: confirmed
Event is: today

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