Brazil Property News: Brazil's airports 'set for privatisation'




9th September 2008 04:30


Two of Brazil's key airports are set to be privatised in the next 12 months under new government guidelines.

Nelson Jobin, the minister of defence, has announced that airports in Rio and Sao Paulo should be the first to be sold to private companies, which may affect people visiting the country to look for Brazilian property.

Anba.com reports that the model for the concessions of Galeao airport in Rio and Varacopos in Campinas, Sao Paulo should be prepared for privatisation in 2009.

It is hoped that the concessions will help guarantee a good infrastructure in preparations for the 2014 World Cup which Brazil is set to host.

Mr Jobin said in an official ceremony: "We hope that next year we may have conditions to release the call to tender [for Viracopos and Galeao] and to have the matter completed."

The respective presidents of Brazil and Argentina have met to discuss a new trade agreement which will allow transactions to take place in either Brazilian reais or Argentinean pesos, instead of US dollars.


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