{"id":7694,"date":"2012-02-07T01:44:23","date_gmt":"2012-02-06T23:44:23","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-2-brazil-awards-14-bln-in-key-airport-upgrades\/"},"modified":"2012-02-07T01:44:23","modified_gmt":"2012-02-06T23:44:23","slug":"update-2-brazil-awards-14-bln-in-key-airport-upgrades","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-brazil-awards-14-bln-in-key-airport-upgrades\/","title":{"rendered":"UPDATE 2-Brazil awards $14 bln in key airport upgrades"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Brazil upgrading airports before World Cup, Olympics<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Winners from Brazil, South Africa, France, Argentina<\/p>\n<p><span><\/span><\/p>\n<p>* Concessions a reversal from previous government policy<\/p>\n<p><span><\/span><\/p>\n<p>* Investments key to clear other infrastructure bottlenecks<\/p>\n<p><span><\/span><\/p>\n<p>By Leonardo Goy and Carolina Marcondes<\/p>\n<p><span><\/span><\/p>\n<p>SAO PAULO, Feb 6 (Reuters) &#8211; Brazil took a significant<br \/>\nstep on Monday toward upgrading its notoriously bad<br \/>\ninfrastructure, by awarding $14 billion in private contracts for<br \/>\nimprovements at three key airports to accommodate soaring<br \/>\npassenger traffic and prepare for the 2014 World Cup.<\/p>\n<p><span><\/span><\/p>\n<p>The concessions, awarded to large Brazilian contractors in<br \/>\nassociation with international airport operators, are viewed as<br \/>\na small but hopeful sign that the government of President Dilma<br \/>\nRousseff is beginning to take a more market-based approach to<br \/>\nlogjams that for decades have hindered investments in Brazil&#8217;s<br \/>\naging and overburdened infrastructure.<\/p>\n<p><span><\/span><\/p>\n<p>Under the arrangement, the consortiums paid a combined 24.5<br \/>\nbillion reais ($14.21 billion) &#8211; much more than expected &#8211; for<br \/>\nthe right to build and operate new terminals at two airports in<br \/>\nS\u00e3o Paulo state and the main airport in Bras\u00edlia, the capital.<\/p>\n<p><span><\/span><\/p>\n<p>They will operate the terminals in conjunction with<br \/>\nInfraero, the state agency that currently runs the airports.<br \/>\nBrazilian officials have touted the arrangement as a hybrid that<br \/>\nwill allow for greater participation of private capital without<br \/>\nformally being a privatization &#8211; which would be heresy to many<br \/>\nactivists in Rousseff&#8217;s left-leaning Workers&#8217; Party.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Brazil upgrading airports before World Cup, Olympics * Winners from Brazil, South Africa, France, Argentina * Concessions a reversal from previous government policy * Investments key to clear other infrastructure bottlenecks By Leonardo Goy and Carolina Marcondes SAO PAULO, Feb 6 (Reuters) &#8211; Brazil took a significant step on Monday toward upgrading its notoriously [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7694","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7694"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7694\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}