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Posted on July 12, 2013
Brazil’s government plans to change rules on concessions and allow the country’s three biggest pension funds to invest in more than one airport, a member of President Dilma Rousseff’s economic team said.
The funds, known as Previ, Petros and Funcef, own 25 percent each of Investimentos e Participacoes em Infra-Estrutura, known as Invepar, the company responsible for operating Guarulhos airport, in Sao Paulo. The three funds control combined assets of 266 billion reais ($117 billion).
Brazil is preparing to auction in September concessions for Tom Jobim airport in Rio de Janeiro and Confins in Minas Gerais, according to the National Agency for Civil Aviation.
The government also plans to relax the requirement that bidders must have experience operating one airport with at least 35 million passengers per year. The change would allow bids by a consortium whose partners handle airports whose combined passenger traffic totals 35 million, said the official, who asked to not be named because the changes are still being discussed.
The change would allow Flughafen Munchen GmbH, or FMG, to bid in the next round of airport concessions. Brazil would like to have two German companies bidding – Fraport AG Frankfurt Airport Services Worldwide (FRA), operator of Frankfurt airport, and Munich airport operator FMG, said the official.
To contact the reporters on this story: Adriana Chiarini in Rio de Janeiro at firstname.lastname@example.org; Maria Luiza Rabello in Brasilia Newsroom at email@example.com
To contact the editor responsible for this story: Andre Soliani at firstname.lastname@example.org