Aug 28, 2014

• Resources will go to initial investments to expand, maintain and operate the airport. At the peak of construction, some 2,500 jobs will be generated

The Brazilian Development Bank (BNDES) approved a bridge loan in the amount of R$ 1.106 billion to the concessionaire Aeroporto Rio de Janeiro S.A. which will operate the Antonio Carlos Jobim/Galeão International Airport for 25 years. The amount represents 70% of the expenses for the project’s eligible items, which will be incurred in the first 18 months of investment.

The concessionaire is a Special Purpose Company (SPC) controlled by Rio de Janeiro Aeroportos S.A, which holds a 51% stake, and Infraero, holding 49%. Rio de Janeiro Aeroportos S.A comprises Odebrecht Transport Aeroportos S.A. and Changi Airport Group, each holding 50% of the company’s shares. The latter operates the Singapore airport, considered the best in the world by several international sector entities.

Until the BNDES approves the long-term loan, the concessionaire will have access to resources in the bridge loan for the initial investments to expand, maintain and operate the airport. Works aimed at modernizing passenger terminals and expanding car parks will be carried out, as well as the investments required in the Concession Agreement, including increasing the number of departure and arrivals ramps (fingers) and aircraft parking positions.

By 2016, the International Antonio Carlos Jobim/Galeão Airport’s facilities for passenger departure and arrivals as well as car park spaces will have been expanded almost 100%, and aircrafts positions will have grown 130%.

The concessionaire estimates some 600 direct jobs will be generated and maintained throughout the airport’s operation. Moreover, it is expected that about 1,000 indirect jobs will be created. During the peak period of the construction phase (first two years of the concession), it is expected that more than 2,500 people will be employed.