Brazil To Privatize More Airports, Railways For Grains

www.oann.com | 1/21/2019 | Staff
Claw987Claw987 (Posted by) Level 4
BRASILIA (Reuters) – Brazil’s government will announce the privatization of southern airports, including Curitiba, in the second quarter of this year, according to Adalberto Vasconcelos, head of the PPI government program tasked with luring private investment in the country’s infrastructure.

Vasconcelos told Reuters on Monday that the Ferrograo and FIOL railway projects serving the central grain belt would be ready for bidding this year or early in 2020. Miner Vale S.A. and logistics company Rumo S.A. are also expected to sign early renewal of rail concessions this year, involving a commitment to new investments, he said.

Investment - Infrastructure - Projects - Vasconcelos

Chinese investment would be “very well received” in Brazilian infrastructure projects, Vasconcelos said.

Brazil’s new right-wing President Jair Bolsonaro criticized China for “buying up” Brazil during the election campaign last year. But Vasconcelos clarified that he was referring to strategic assets and “means of production” such as farm land.

Bolsonaro - Office - Weeks - Investment - Partnerships

Bolsonaro, who took office three weeks ago, is boosting the Investment Partnerships Program started in 2016 by the previous government to speed up improvements in deficient infrastructure that adds to the cost of exporting Brazilian soy and other food.

To improve air travel across the vast country for tourism, farming and the oil industry, 20 airports will be auctioned on March 15 as planned in three regional blocs.

Vasconcelos - Blocs - Airport - Concessions - March

Vasconcelos said one or two more blocs of airport concessions will be announced after March, including Curitiba, but not the coveted busy airport of Congonhas in Sao Paulo and Santos Dumont in Rio de Janeiro. These will not be on the auction block...
(Excerpt) Read more at: www.oann.com
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