Rio and Belo Horizonte airport concession studies released

Washington DC
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Brazil's Secretaria de Aviação Civil has published the results of technical evaluations of the proposed concessions of Belo Horizonte Confins International and Rio de Janeiro Galeao International airports.

The studies cover engineering, environmental, economic and financial issues related to the concessions as well as growth forecasts and investment estimates for the two airports, according to Brazil's National Civil Aviation Agency (ANAC).

ANAC says that the studies were published in the government's official diary today, and will be released to the public within 10 days followed by a 30 day comment period. The agency anticipates finalising the terms of the concession in September.

Estruturadora Brasileira de Projetos (EPB) and IQS Engenharia conducted the studies.

Invepar, which owns 46% of the Sao Paulo Guarulhos International airport concession, anticipates that Confins will require an about Brazilian reals (R$) 4.8 billion ($2.4 billion) investment and Galeao about R$6.6 billion.

The government is targeting large global airport operators for the concessions. It has put in place guidelines requiring that bidders must operate a portfolio of airports that handle more than 35 million passengers per year and invest at least 25% of the equity in the concessions.