Singapore’s Changi wins auction for Rio airport

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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