Fraport scores double win in B razil airports privatization

Fraport scores double win in B razil airports privatization

Forimmediaterelease-

Fraport ratings double win in Brazilian air-ports privatization (Forimmediaterelease. net) During Brazil’s third round associated with airport privatizations decided at an open public auction in Sao Paulo these days, Fraport AG scored a dual win by placing the top offers of 1, 505. 75 million Reais (about € 446. 81 million) for Fortaleza Airport and 382. 01million Reais (about € 113. 36 million) for Porto Alegre Airport. As a result, Fraport emerged successful against strong international competition competing for the two Brazilian airports presently operated by Brazil’s state-owned Infraero. Along with the concession price, Fraport are going to pay a fixed fee amounting to five-percent of the airport’s annual revenue. The particular concession will run for 3 decades at Fortaleza and for 25 years from Porto Alegre. Currently holding the 100 percent stake, Fraport will be the single owner and participant of these snack bars. Thus, the concessions and long term results will be fully consolidated in the Fraport Group level.

Adopting the takeover of the concessions, Fraport AG expects an additional accumulated EBITDA on the Group level resulting from the two international airports of around 350 million pounds during the first five years plus an accumulated negative contribution towards the Group result ranging from the middle to high double-digit million pounds. Due to the takeover of the concessions as well as the mandatory capital expenditure, Fraport AG expects an increase in Group internet debt by up to around seven hundred million euros in the first 5 years.

Elated by auction results, Fraport AG professional board chairman Dr . Stefan Schulte said: “ We are excited to begin working at Fortaleza and Porto Alegre airports soon. Using our considerable expertise, we are committed to further establishing both airports markedly for the advantage of the Brazil. For our airline plus passenger customers, we will quickly put into action improved processes and services and also attractive Food& Beverage offerings. inch

Fortaleza’s Pinto Martins International Airport (FOR) is strategically located within the federal state of Ceará within the northeastern-most part of Brazil, which juts deep into the Atlantic Ocean. Along with over four million inhabitants, the particular Fortaleza metropolitan region ranks 6th in the country. FOR received 5. seven million passengers in 2016, which makes it the country’s twelve busiest international airports. From 2005 to 2016, Fortaleza Airport registered 6. 8 % compound annual growth (CARG). The particular 5. 3 square-kilometer airport web site comprises one runway and one traveler terminal.

Porto Alegre’s Salgado Filho International Airport (POA) is the gateway to Brazil’s southern-most federal state of Rio Avismal do Sul, which has a population associated with over 10 million people. POA welcomed 7. 6 million people in 2016, making it Brazil’s ninth largest airport by passenger visitors. From 2005 to 2016, the particular airport’s compound annual growth averaged 7. 3 percent. Comprising an overall total of 3. 8 square kms, the airport has one catwalk and two passenger terminals: With the Aeromó vel people-mover, air tourists can shuttle to the nearby Alegre Metro Airport Station for teaches to downtown Porto Alegre along with other cities of the 4. 3 mil urban regions – Brazil’s 5th most populated and its richest locale.

For further information about Fraport AG, please click here: http://ots.de/aboutFraport

MEDIA CONTACT: Fraport AG Frankfurt Airport Services Worldwide, Robert The. Payne, B. A. A. – International Spokesman and Head associated with International Press/PR & External Actions Team, Press Office (UKM-PS), Business Communications, 60547 Frankfurt, Germany; Tel.: +49 69. 690. 78547; Email: r. payne@fraport. de ; Internet: www.fraport.com

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