ANNOUNCEMENT 22 Aug 2011

On 22 August 2011, Brazil auctioned a concession to build the airport “Săo Gonçales do Amarante” in Natal and provided an investment loan on favorable terms to the winning conglomerate. The loan includes local sourcing requirements for the capital goods involved in the project.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



MercoPress, 23 August 2011, 'Brazil auctions first concession to construct and operate major airport': http://en.mercopress.com/2011/08/23/brazil-auctions-first-concession-to-construct-and-operate-major-airport

Wall Street Journal, 23 August 2011, 'Brazil Auctions Rights to Airport': http://online.wsj.com/news/articles/SB10001424053111903327904576524530595225432

BNDES, news item of 22 November 2011 (in Portuguese): http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Noticias/2012/logistica/20121122_aeroporto.html


Inception date: 22 Aug 2011 | Removal date: open ended

State loan

The concession went to the Infra-America consortium consisting of Brazilian Engerix and Argentinian airport operator Corporacion America, each holding a 50% stake. They will have three years to build the airport and received a 25 year license to manage it. Besides this, in the case of the Natal airport, the Brazilian Development Bank (BNDES) provided a subsidized credit of 329.3 million Real (US$ 200 million) which covers 75% of the investments.

AFFECTED SECTORS

 
641 653

AFFECTED PRODUCTS

 
N/A