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:

Ads

You May Also Like

Brazil Wants to Anticipate in Five Years Mercosur’s No-Tariff Policy

Brazil will recommend bringing a zero tariff policy forward for imports between Mercosur and ...

Brazil, 5th Biggest Economy by 2015, But Far from Being Developed, Concedes Minister

Brazil’s Finance minister, Guido Mantega, talking to reporters said that Brazil is expected to ...

Brazil Takes Its Profit and Runs

Latin American markets ebbed across the board, as investors cashed in on recent gains. ...

Brazil Earmarks US$ 1.8 Million for Stem Cell Research

Following the approval of the Biosecurity Law last week, the Brazilian government announced that ...

After Two Years Jobs Start to Fall in Brazil

In September, Brazilian industry interrupted a 2-year trend, when it had a higher number ...

Brazil Joins Java Community to Spread Free Software

Brazil signed a contract, yesterday, with the Java Community Process (JCP), with the intention ...

Burning the Forest to Save the Forest, in Brazil

Sparks often fly when environmentalists and farmers come together, especially in Brazil. And that ...

Paraní¡, Brazil, Promotes Seminar to Boost Its Overseas Sales

The state of Paraná, in the South of Brazil, is promoting the 1st Seminar ...

Brasília, Brazil, in Search of a Soul

Brasília, Brazil’s capital city, feels distant and impersonal. It is over-planned, lacking the rambling, ...

Old Plan, Old River

California and Israel have been used as inspiration for several irrigation plans in the ...