Brazil to auction Rio and Belo Horizonte airports on 31 October

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Brazil will auction concessions of the Rio de Janeiro Galeao International and Belo Horizonte Confins International airports on 31 October, the Brazilian president's office says.

The final conditions of the tender process will be be published by the Brazilian Civil Aviation Authority (ANAC) on 16 September with slightly revised financial terms compared to previous drafts.

The announcement, which was made by the president's chief of staff Gleisi Hoffmann, defines a slightly higher minimum bid for Rio de Janeiro Galeao of R$4.73 billion ($2.08 billion) instead of R$4.65 billion, while Belo Horizonte Confins will be offered for at least R$0.99 billion, which is significantly less than the planned minimum bid of R$1.56 billion.

The respective winners of the concessions will have to invest a minimum of R$5.8 billion in Galeao and R$3.6 billion in Confins. Both airports are currently operated by state-owned operator Infraero.

The Brazilian government has delayed the concessions of Galeao and Confins as it learned from its experience with the Brasilia, Campinas and São Paulo Guarulhos airports last year. It has introduced conditions aimed at ensuring more state control over the airports while also attracting more experienced international airport operators.