ROUTES: Investors prep for Belo Horizonte and Rio airport tenders

Las Vegas
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Airport investors are putting the final touches on their bids for the soon to be awarded Belo Horizonte Confins International and Rio de Janeiro Galeao International airport concessions.

Amit Rikhy, vice-president and head of acquisitions for ADC & HAS Airports Worldwide, says that the firm is “happy” with the tender process and preparing to submit its financial bid for one of the airports on 18 November, at the World Routes 2013 conference in Las Vegas.

“They’ve structured the process to be a transparent process and with Infraero remaining as a significant shareholder,” he says, referring to Brazil’s National Civil Aviation Agency (ANAC). “It’s a very interesting structure [but] one that attracts significant investors.”

State-owned airport operator Infraero will hold a 49% stake in each concession.

Luiz Kuster, chief executive of the Campinas-Viracopos International airport concessionaire, calls the operator a “great partner” in the concessions at Routes. The 30-year Viracopos deal was awarded in 2012.

ADC & HAS is competing against BAA/Ferrovial, ADP/Schiphol, Changi, Fraport and Flughafen Munich/Flughafen Zurich for the Belo Horizonte and Rio concessions, according to local reports. Consortiums are only allowed to win one airport.

Rikhy declines to comment on which airport the firm plans to bid on.

“They’re both very attractive opportunities in different ways,” he says on the respective merits of Confins and Galeao.

ANAC is scheduled to open financial offers and announce the tentative winners of the two concessions on 22 November.

The grantor has set a minimum bid of Brazilian reals (R) 990 million ($448.6 million) for the 30-year concession of Confins with a required R3.6 billion in capital investment. It is asking for at least R4.73 billion for the 25-year Galeao concession with R5.8 billion in capital investment.