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Fraport to invest $368m as new Brazil contracts begin
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Fraport to invest $368m as new Brazil contracts begin

Fraport AG subsidiary Fraport Brasil formally commenced operations at Brazil"™s Fortaleza Pinto Martins International Airport (FOR) and Porte Alegre Salgado Filho International Airport (POA) yesterday.

As reported, Fraport secured 30-year and 25-year contracts to manage and operate concessions at Fortaleza and Porto Alegre in Brazil, respectively, in March last year as part of public tender called by Brazil"™s Agência Nacional de Aviação Civil (ANAC) for four airports in the country"™s third round of airport privatisations.

The airport operator is set to invest approximately BRL 600m ($184m) at each gateway to fund infrastructure improvements and development projects during the course of the respective concession periods.

"We strongly believe in the potential of Fortaleza and Porto Alegre airports," stated Andrea Pal, CEO of Fraport Brasil. "We are focusing our efforts on raising the attractiveness of these two airports through ongoing improvements in infrastructure and operational processes."


The operational takeover follows the completed joint transition period with Brazil"™s state-owned entity Infraero, which previously ran both airports.

Together with the new operations, Fraport AG now operates three airports in South America (the other being Lima Airport in Peru)…

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