Acsa bags Brazil airport expansion bid

The Airports Company South Africa (Acsa) has won a bid for the expansion, maintenance and operation of Guarulhos, Brazil’s busiest airport.

“[This] will enhance Acsa’s brand and better position it in the market place as a serious participant in global airport investment and management,” Acsa’s acting managing director Bongani Maseko said in a statement.

“We managed to secure an opportunity in India a few years ago; we now have Brazil and are pursuing similar ventures in Africa.”

Acsa won 51% of the concession and Infraero, a company from Brazil, the remaining 49%.

Acsa said it would provide airport management through a technical service agreement.

Some of the tasks included preparing detailed operational plans for the 2013 Fifa Confederations Cup, the Pope’s visit for the World Youth Day in 2013, and the 2014 Fifa World Cup.

The concession is for a 20-year period.

“In addition to the investment return on capital contributions, Acsa will be paid airport management fees,” said Maseko.

“The next step is for the consortium partners to finalise the signing of the concession and other related agreements by May 2012.”

Transport Minister Sibusiso Ndebele’s office congratulated Acsa on the win.

“This is, indeed, exciting news for South Africa and our continent,” ministerial spokesperson Logan Maistry said. — Sapa

Keep the powerful accountable

Subscribe for R30/mth for the first three months. Cancel anytime.

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.

Related stories


Already a subscriber? Sign in here


Latest stories

Unvaccinated South Africans to pay more for insurance premiums

Insurance companies have adjusted their premiums and people who are not vaccinated will pay more for cover

Little justice for gender-based violence cases in Eswatini

A report details how medical and legal shortages and discrimination curtails survivors’ rights

Hawks in legal tussle with arms maker over billet seizure

Differing interpretation of the Firearms Control Act resulted in the seizure of a shipment of billets bound for the DRC from Durban harbour last week

Lessons from Turkey to SA: Economic independence is a battle

Without tighter capital controls, regulating the flow of money in and out of their economies, Turkey and South Africa are vulnerable to the whims of the financial markets

press releases

Loading latest Press Releases…