Major Brazil airports set to receive US$600mn in investments

Brazil’s two busiest airports, São Paulo state’s Guarulhos and Congonhas, are likely to receive fresh investments of up to 3.4bn reais (US$596mn). The country's largest airport, Guarulhos, will receive up to 1.4bn reais. Guarulhos is operated under a concession held by GRU Airport, which is 51% owned by GRUPar (80% local firm Invepar and 20% Airports Company South Africa) and 49% by Brazilian airport authority Infraero. The investment will be made after the country's audit court TCU authorized the extension of the concession contract. "The proposal approved by the TCU justices extends the concession period for the site until November 2033, allowing the company to operate 16 months beyond what was initially planned. On the other hand, between 2025 and 2029, new investments must be made to increase operating capacity, increase the level of security (operational and against acts of unlawful interference) and improve the quality of the services offered," the TCU said in a statement. GRU Airport will build two concourses, one for international passengers and the other for domestic passengers, expand aircraft aprons and create taxiways. It will also acquire equipment for checking luggage and on-board baggage and perimeter surveillance, as well as improvements in employee access based on biometrics, among other things, added the TCU. <br/>