Singapore’s Changi wins auction for Rio airport

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Rio airportSingapore’s airport operator Changi Airports International (CAI) has said its consortium partnership with Brazil’s Odebrecht TransPort (OTP) has won a 25-year concession to run the Antonio Carlos Jobim International Airport in Rio de Janeiro, Brazil.

In a statement issued on November 23, CAI – a wholly-owned subsidiary of Changi Airport Group – said the consortium paid $8.3 billion  for the 25-year concession. It covers the expansion, maintenance and development of the airport, which is commonly known as Galeao. The consortium said it will invest around 5 billion reais (or $2.2 billion) over the concession period.

The entity that will set up to manage Galeao will comprise 51 per cent participation by OTP and CAI, and 49 per cent participation by Infraero, Brazil’s state-run airport management company. Over the concession period, the consortium will increase the passenger capacity of Galeao Airport to more than 60 million passengers. Last year, the airport handled 17.5 million passengers.

The statement said the contract on the concession is expected to be signed in March 2014, and the new concessionaire will begin its activities in the third quarter of the year.

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Reading Time: 1 minute

Singapore’s airport operator Changi Airports International (CAI) has said its consortium partnership with Brazil’s Odebrecht TransPort (OTP) has won a 25-year concession to run the Antonio Carlos Jobim International Airport in Rio de Janeiro, Brazil.

Reading Time: 1 minute

Rio airportSingapore’s airport operator Changi Airports International (CAI) has said its consortium partnership with Brazil’s Odebrecht TransPort (OTP) has won a 25-year concession to run the Antonio Carlos Jobim International Airport in Rio de Janeiro, Brazil.

In a statement issued on November 23, CAI – a wholly-owned subsidiary of Changi Airport Group – said the consortium paid $8.3 billion  for the 25-year concession. It covers the expansion, maintenance and development of the airport, which is commonly known as Galeao. The consortium said it will invest around 5 billion reais (or $2.2 billion) over the concession period.

The entity that will set up to manage Galeao will comprise 51 per cent participation by OTP and CAI, and 49 per cent participation by Infraero, Brazil’s state-run airport management company. Over the concession period, the consortium will increase the passenger capacity of Galeao Airport to more than 60 million passengers. Last year, the airport handled 17.5 million passengers.

The statement said the contract on the concession is expected to be signed in March 2014, and the new concessionaire will begin its activities in the third quarter of the year.

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