27-Apr-2011 3:01 PM

Brazil to hand over concessions of five arports to private sector

Brazil's presidential Chief of Staff Antonio Palocci stated the government is planning to hand over the country's five largest airports to the private sector through concession agreements, in an effort to accelerate upgrades ahead of the 2014 Soccer World Cup and 2016 Olympic Games (Wall Street Journal, 26-Apr-2011). The government has approved plans to tender concessions for private sector companies to manage two airports in Sao Paulo state and one in Brasilia, Mr Palocci said. "We want to combine the urgency of the works with public and private investments," he said. The government plans to issue licences for services at airports in Sao Paulo International Airport and Campinas Viracopos Airport. The government is also studying how to offer concessions for airports in Rio de Janeiro and Belo Horizonte, he said.