The Brazilian development bank BNDES has approved a R329.3 million ($156 million) loan to Inframerica Aeropuertos for the São Goncalo do Amarante airport concession.
The long-term debt will finance 75% of the capital costs associated with building a new terminal, control tower, access roads and vehicle parking at the greenfield airport.
Rio Grande do Norte state, where the airport is located, is responsible for construction of the runway and apron.
São Goncalo will serve Natal when it opens by early 2014 and replace Augusto Severo airport as the city's commercial airport. It will have a passenger capacity of 6.3 million per year.
Engevix and Corporacion America-owned Inframerica won the 25-year plus construction design-build-finance-operate-maintain concession in 2011. The consortium also owns the concession of the Brasilia airport.
Separately, BNDES approved a R1.2 billion bridge loan for the expansion of São Paulo Guarulhos airport in October. Invepar, Airports Company of South Africa and OAS must invest R4.8 billion in the airport during the 20-year concession.