Changi Airports Int’l consortium wins Rio project

Changi Airports International (CAI), a wholly-owned subsidiary of Changi Airport Group (CAG), announced that its consortium partnership with Odebrecht TransPort (OTP) Рan investor and operator in public transport service concessions Рhas won the right to the concession for the expansion, maintenance and development of Antonio Carlos Jobim International Airport (Galẹo) in Rio de Janeiro.


Changi Airports Int’l consortium wins Rio project


Changi Airports International (CAI), a wholly-owned subsidiary of Changi Airport Group (CAG), announced that its consortium partnership with Odebrecht TransPort (OTP) – an investor and operator in public transport service concessions – has won the right to the concession for the expansion, maintenance and development of Antonio Carlos Jobim International Airport (Galeão) in Rio de Janeiro. With the offer of R$19.02 billion for the concession, 293 per cent above the minimum bid of R$4.83 billion (US$2.06 billion), the consortium will invest around R$5 billion up to the end of the concession period of 25 years. A Special Purpose Vehicle to manage Galeão Airport will be composed of 51 per centparticipation, by OTP and CAI, with 49 per cent participation by Infraero, Brazil’s state-run airport management company.