Brazilian Camargo Correa Join Swiss and Chileans in Airport Venture

Congonhas Airport parking lot in Brazil Camargo Corrêa, a Brazilian real estate developer  has joined Swiss company Unique, which manages the Zurich Airport, and the Chilean management and engineering company Gestión e IngenierÀ­a IDC to form A-port, a company that will operate in the airport sector.

The new company will be headquartered in the southeastern Brazilian city of São Paulo and will operate in Latin America and the Caribbean.

The new company will invest in airport infrastructure expansion projects and in airport management concessions. The joint venture member companies, according to a press release issued by Camargo Corrêa, are references in their countries of operation.

A-port's portfolio already includes the airports that were previously managed by the Unique-IDC joint venture, in Chile, Honduras and Colombia. The portfolio also includes SAO Parking, holder of the concession for the parking lot of the Congonhas airport, in São Paulo, previously controlled by Camargo Corrêa.

The scope of action of A-port will include development, investment and management of existing or new airports, as well as of other opportunities in their vicinities, such as parking lots, hangars and premises for general aviation.

The Camargo Corrêa group is present in 19 countries, and is one of the most solid entrepreneurial organizations in Brazil, with forecasted gross revenues of 12.7 billion reais (US$ 7.1 billion) for 2007.

Unique is a publicly listed company. Besides operations in airports in Switzerland and Latin American airports, Unique, along with IDC, owns 17% of the Bangalore International Airport and is involved in the planning and construction of a new airport in India.

The Chilean Gestión e Ingenierí­a was established in 1994 by society Estorial Limitada. It pioneered participation in airport concession programs in Chile.

Anba

Tags:

You May Also Like

It’s War

The violence contained in fictitious budgets, like those of so many of the social ...

Brazilian President Sacks a Lula Man and Gets a New Lula Man as Defense Minister

Brazil’s Defense minister Nelson Jobim (now former minister) was in Tabatinga in the state ...

Brazil Wants Veto Power for UN’s New Security Council Members

The Brazilian Minister of Foreign Affairs, Celso Amorim, said, December 2, that, between the ...

Drought Hits South and Northeast of Brazil

A state of emergency has been declared in at least 20 municipalities in the ...

A Judge Against The Body Shop

A Brazilian judge has sentenced The Body Shop to pay more than $100,000 in ...

In Brazil, 3 Private and 2 State Banks Concentrate 66% of Assets

According to the Brazilian Central bank figures quoted by financial and business daily Valor, ...

Germany Applying US$ 325 Million in Conservation in Brazil

The Brazilian Minister of Environment, Marina Silva, affirmed that the creation of conservation units ...

Brazilian Newspaper Target of Molotov Cocktails. Owner Blames Mayor

The headquarters of the newspaper Leia o Jornal, located in the southeastern city of ...

Soft on Terror

The Rio Carnaval or New Year celebrations would be the ideal target for Bin ...

Why My Fellow Brazilian Expats Should Head Back Home to Brazil

When did Brazilians become so afraid of adapting? We constantly hear our fellow Brazilians ...