Aircrafts are pictured at Galeao airport in Rio de Janeiro

Two Important Brazilian Airports Going Private

Post on November 26, 2013, 2:09 pm by the-victoria-law-group 0 Comments

It makes me very uncomfortable how Brazil is experimenting with its transportation infrastructure so close to the World Cup.  It’s not that I don’t think it is needed, of course it is.  However, given the congestion that many of Brazil’s largest cities experience, the time to start fussing with the infrastructure is not slightly before you are expected to be visited upon by millions of tourists.  But the government of Brazil is going ahead with this ill-timed endeavor.  Brazil opened two of its busiest airports to private investors on Friday, awarding $9 billion worth of contracts in a hotly contested auction as the country overhauls crowded terminals ahead of the 2014 World Cup and 2016 Olympics.  Hopefully, this will be an improvement in time enough for the world to experience.

Read Leonardo Goy and Roberta Vilas Boas’ Reuters’ article here:

http://reut.rs/I9HrVF

Presented by Miami International Business Attorney

Filed Under: Business in Brazil

Leave a Reply