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

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