As Interest Grows, Uncertainty Hangs Over Brazil’s Airport Concessions
A sense of uncertainty lingers over the coming concessions in Brazil's airport sector as operators, contractors and infrastructure investors attempt to figure out exactly what the Brazilian government plans to do, market sources have told InfraAmericas.
Yet the process is irreversible now that it has begun, ensuring that Brazil's most important airports will come under private control in the next year or so, they said.
"The model still is not very clear. We still don't know who is going to participate, but we know that we'll need someone with experience in airports. It's hard to find someone like that in Brazil today, which means an airport operator from abroad will have to participate," said Fabio Falkenburger, a partner at Sao Paulo-based law firm Machado Meyer. "The process has already started. It will be a little slow, but it has begun it's inevitable course," he added.
An Unclear Model
The federal government has six airport concessions in the works, with the new Sao Goncalo do Amarante Airport (ASGA) near Natal, state capital of Rio Grande do Norte, the first to go up for auction. The concession of the Guarulhos international airport in Sao Paulo will be next, followed by the Brasilia international airport, the Viracopos-Campinas international airport in Sao Paulo, the Galeao international airport in Rio de Janeiro and the Confins international airport in Belo Horizonte.
Civil aviation authority ANAC recently postponed the ASGA tender by about a month, pushing it back to Aug. 22 from Jul. 19, but the other five projects are currently on course to be auctioned off early next year.
"ASGA is the first privatization project and it is the easiest because it is a greenfield project. It will test investor appetite for Brazil's airport sector," Falkenburger said. "But the question for the other concessions is whether or not investors will want to be partners with Infraero."
A Minority Share for Infraero
Infraero is the government company that operates Brazil's airports. Initial plans for the brownfield expansion projects called for Infraero to maintain control of the existing terminals, while concessionaires built and operated the new terminals. However, faced with opposition from the private sector, the federal government recently outlined a proposal where the concessionaires would control 51% of each airport and Infraero would hold 49%.
To Read The Full Article, click here: http://www.infra-americas.com/analysis/news-analysis/885733/as-interest-grows-uncertainty-hangs-over-brazils-airport-concessions.thtml
For more information about InfraAmericas (http://www.infra-americas.com/) and find out if you are eligible for a free trial call Ken McAllister on + 44 (0) 207 786 9282 or e-mail at email@example.com. Please remember to quote your reference: IAPR19OPR.
InfraAmericas is the most relevant, timely & accurate provider of news, analysis & research about the latest greenfield & brownfield infrastructure projects & deals across the American continent.
4 City Road
Tel: +44 (0) 207 786 9291
Fax: +44 (0) 207 256 7926
Contact: Celine Brissay
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release As Interest Grows, Uncertainty Hangs Over Brazil’s Airport Concessions here
News-ID: 184948 • Views: 1341
More Releases from InfraAmericas
InfraAmericas Case Study: How Canada’s Jumbo CAD1.37bn CHUM PPP Bond Put Inves …
By Vince Calio In the past 12 months, Canada has once again reaffirmed its status as the market leader in North American PPPs by closing deals including the CAD1bn (USD1.05bn) Ottawa Communications Security Establishment Canada (CSEC) PPP in January this year, the smaller Thunder Bay Consolidated Courthouse at the end of 2010 and, more recently, the St. Joseph’s Healthcare Partnership PPP. But selling a CAD1.37bn (USD1.44bn) credit to investors in June
Is Private Investment in US Ports About to Make a Comeback?
By Michael Dunning US ports are an attractive asset for infrastructure investors particularly because they are linked to GDP growth. It’s therefore not surprising that during the height of the rush to acquire infrastructure assets in 2006-07, they were at the top of many shopping lists. That led to a number of major US ports changing ownership. But nearly all of those deals ran into difficulties. The reasons why are many
Future of Texas Highway P3s Hinges on Next Two Deals
By Mick Bowen The future of P3s to develop highway projects in Texas depends on the shape the next two deals will take, namely the SH 99 Grand Parkway in Houston and IH-35E Managed Lanes project in Denton, market sources told InfraAmericas. Texas Governor Rick Perry signed Senate Bill 1420 (SB 1420), also known as the Sunset Bill, into law in mid-June and cleared the way for the Texas Department of
US P3 Forum 2011: What Happened in New York? InfraAmericas’ Ten Key Takeouts
By Peter Allison The overwhelming message from this year’s event – held Jun. 14 & 15 at the Grand Hyatt Hotel in midtown Manhattan – was that P3s breed P3s. In short, more P3 deals will jump-start the market. It’s not as straightforward as that, however. The US P3 market is almost impossible to define. A P3 in one state may be completely different to a P3 in another. And even
More Releases for Brazil
Wine in Brazil
Latest Report on Wine in Brazil Similar to other alcoholic drinks, wine saw a total volume decline in 2016, with sales falling by 3%. Although this decline was slower than that seen in the previous year, of 4%, it is clear that the negative economic situation continued to affect consumers’ demand for wine. Since it is perceived by many as a non-essential product, other products and types of alcoholic drinks seemed
Alcoholic Drinks in Brazil
Latest Report on Alcoholic Drinks in Brazil Total volume sales of alcoholic drinks continued to decline in Brazil in both the on-trade and off-trade channels in 2016. Consumers had less available income; therefore were forced to make more rational decisions on what to purchase, taking into consideration their budget and the necessity of each product. For this reason, consumption frequency reduced considerably in almost all categories, and also a downgrade to
Brazil Juice Industry
Brazil Juice Industry Juice in Brazil was directly affected by the unstable economic situation and consumers’ shrinking disposable incomes. After registering a series of double-digit growth rates in off-trade volume terms earlier in the review period, the category registered a flat performance in 2015 and grew by just 2% in 2016. The two most important categories within juice in off-trade volume terms, nectars and juice drinks (up to 24% juice), faced
Brazil: Country Intelligence Report
Brazil: Country Intelligence Report Summary "Brazil: Country Intelligence Report", by GlobalData provides an executive-level overview of the telecommunications market in Brazil today, with detailed forecasts of key indicators up to 2021. Published annually, the report provides the detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, and mobile, as well as a review of key regulatory trends. SAMPLE REPORT: https://www.reportsandmarkets.com/sample-request/brazil-country-intelligence-report-1613311 GlobalData
Packaged Water in Brazil
ReportsWorldwide has announced the addition of a new report title Packaged Water in Brazil to its growing collection of premium market research reports. Packaged Water in Brazil industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Airlines in Brazil 2017
ReportsWorldwide has announced the addition of a new report title Airlines in Brazil 2017 to its growing collection of premium market research reports. Airlines in Brazil industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource for top-line data