Dec 3, 2012

• Operation aims to provide support for investments to expand and modernize the airport, guaranteeing swifter civil works

The Brazilian Development Bank (BNDES) approved a R$ 1.2 billion bridge loan for Aeroportos Brasil – Viracopos S.A., which will expand, modernize and explore the Viracopos International Airport, located 12 km from the Campinas downtown area and 99 km from São Paulo’s central district.

Aeroportos Brasil Viracopos is a special purpose company (SPC) comprising Triunfo Participações e Investimentos S.A., UTC Participações S.A., Egis Airport Operation and Infraero.

The financing structure for the project involves long-term financing in the modality known as project finance. The amount will be defined when the analysis, underway at the BNDES, is complete.

The bridge loan will provide support to the project while long-term financing is being structured, thus speeding up the civil works until the end of the first stage, which is slated for May 2014 and concentrates two-thirds of the investments forecast until 2019. At the end of the first phase, the airport will be able to receive an annual flow of 14 million passengers per year, against the current 7.5 million.

For this, it is estimated that some 5,600 direct jobs will be created in the civil works. In addition, some 4,600 jobs are expected to be created in the supply of inputs. To operate Viracopos, the concessionaire expects to employ 575 of its own workers, and outsource some 1,265 jobs.

About the airport – In 2011, Viracopos was the ninth largest Brazilian airport in terms of the flow of passengers, and the second largest in terms of cargo. Among the three main airports in the state of São Paulo, Viracopos has shown the highest rate of growth in traffic over the last few years. In 2008, it accounted for 3.5% of the total passenger movement in Guarulhos, Congonhas and Viracopos airports. In 2011, this stake rose to 14.2%.