Brazil awards $9b airport deals for Galeao and Confins

Washington DC
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Brazil has awarded the concessions for Rio de Janeiro Galeao and Belo Horizonte Confins airports, in the country's second round of airport privatisations.

A consortium formed by Brazilian engineering conglomerate Odebrecht and Singapore's Changi Airport Group won the 25-year concession for Rio de Janeiro Galeao, with a bid of Brazilian reais (R$) 19 billion ($8.3 billion). Aerobrasil, a consortium formed by Brazilian infrastructure group CCR and the operators of Zurich and Munich airports, won the 30-year concession for Confins with a bid of R$1.82 billion.

Brazil's National Civil Aviation Agency (ANAC) has imposed minimum bids of R$4.82 billion for Galeao and R$1.1 billion for Confins.

Five consortia formed by 14 companies submitted bids for the two airport concessions

In 2012, Brazil awarded the concessions for Sao Paulo Guarulhos, Campinas-Viracopos and Brasilia airports.