19-Oct-2012 10:22 AM

São Paulo Guarulhos Airport expansion financing announced

Brazilian Development Bank announced (18-Oct-2012) the approval of a BRL1.2 billion (USD592 million) bridging loan to expand and modernise São Paulo Guarulhos International Airport. The expansion project will involve the construction of new terminal buildings and the expansion of aprons and runways, and is expected to take place between 2014 and 2022. The loan will support the project's initial stages, before long-term financing is arranged. [more - original PR - Portuguese]