Aviation: Brazil to auction 16 airports to attract investment and improve infrastructure

Investments

In its determination to improve the infrastructure of aviation facilities in the country, raise investments and modernise infrastructure, the government of Brazil is auctioning more than a dozen of its airports.

According to timesofindia.indiatimes.com, as of now, the government will auction 16 airports, including Congonhas in São Paulo and Santos Dumont in Rio de Janeiro.

The official twitter handle for Brazil government tweeted the news and said.

“Brazil is modernizing the infrastructure of the country’s airport sector promoting the longest sequence of auctions in its history. It is strategic for Brazil to transfer control of airports to the private sector in order to increase investments and the quality of services.”

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Brazil is modernizing the infrastructure of the country’s airport sector promoting the longest sequence of auctions in its history. It is strategic for Brazil to transfer control of airports to the private sector in order to increase investments and the quality of services.

Since 2019, Brazil has managed to auction 34 airports and raised around 34 billion Brazilian real (US$ 6 billion). By the end of 2022, all the airports will go under the private sector.

The government said, “It is strategic for Brazil to transfer control of airports to the private sector in order to increase investments and the quality of services”.

Talking about reconsidering selling Santos Dumont airport in Rio and Congonhas airport in São Paulo, Brazil’s interim President Michel Temer said, “It is possible that we end up selling them… It would give us a good sum.” Apparently, Congonhas is the second-largest airport in São Paulo and it also handles most domestic flights.

Brazil is planning to sell various of its assets and award licences to revamp the country’s economy. The country is hard-hit by the COVID-19 pandemic and these auctions come as the global aviation industry struggles amid travel bans. Brazil is also the second country to have the most COVID-19 deaths in the world, after the United States.

 

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