Airports in the Northeast, Midwest and Southeast (12 Airports)

Project stage info

Stage 1: Initial Government Announcement

Completed

Government Sponsor
Civil Aviation Agency (ANAC), Federal Ministry of Transportation

Form of project announcement
Government announcement

Project Rationale
The objectives of the concession to the private initiative are to: a) the investments amounting to BRL 4.6 billion necessary to improve the quality of the infrastructure; b) optimize the provision of services to society; c) exempt the State from the financial and administrative obligations arising from the operation of the terminals. The concession of these airport terminals is in line with the purposes of the National Privatization Plan (PND) of the General Grant Plan (PGO) and the National Civil Aviation Policy (PNAC). The Program in the airport sector aims to provide quality investments. The improvement in service delivery has been noticed since the first round of airport concessions in 2011 which provided significant investments in the main airports of the Brazilian network - benefiting the whole air network and reducing delays and cancellation rates to standards better than international references. From the managerial point of view, private management brings many benefits since the airport sector is very dynamic and intensive in providing services, incorporating permanently new practices and technologies.

Indicative timetable of project development
Bidding Documents: 1st quarter 2019 Auction: 1st quarter 2019

Any project documents that are publically available about the project
Call for Public Studies

Project looking for additional PPF assistance
No

Project looking for additional MDB assistance
No

Is project multi jurisdictional?
No

Stage 2: Project Investigation

Completed

Value
912.3 M USD
3,520 M BRL

Indicative Funding Source
User Based

Have any external advisors been appointed yet
No

Is the project contained in national/sub national infrastructure plan or strategy
Yes

Plan/Strategy Document URL:
http://www.avancarparcerias.gov.br/projects

Please outline any studies (for example environmental, engineering etc.) that will be completed prior to a full business case development
Feasibility, technical, environmental and engineering studies.

Opportunity for Private Sector Involvement
Equity, Debt - Private Sector, Construction, Operations, Advisors, Debt - Concession

Stage 3: Start of Project Feasibility / Business Case

Completed

Legal Advisors Appointed

Financial Advisors Appointed

Technical and Other Advisors (inc Project Preparation Facility) Appointed

Is a Business Case Being Prepared?
Yes

Business Case Prepared By
Government

Preparer company/department name
Civil Aviation Agency (ANAC)

Estimated Business Case Completion Date
Q4 2018

Estimated Time To Start Of Procurement
Q1 2019

Any other relevant information relating to the project process
The 5th Round of Airport Concessions, including airport blocks in the Northeast, Southeast and Midwest, is under Public Consultation, as officially declared by the National Civil Aviation Agency (ANAC) on 05/29/2018. The Agency's Board of Directors approved the opening of the Public Hearing Nº 11/2018 in order to collect suggestions from stakeholders and society on the legal documents – Bid Notice drafts and the concession Contract - for a period of 45 days. Besides the online consultation, the National Civil Aviation Agency (ANAC) will hold four face-to-face sessions: the first one in Vitória (15/june) and the other in Brasilia (18/june), Cuiabá (19/june) and Recife (21/june). The documents of Public Hearing No. 11/2018 can be accessed at: http://www.anac.gov.br/participacao-social/audiencias-e-consultas-publicas/audiencias-em-andamento/audiencias-publicas-em-andamento-1. Contributions can be sent by 6:00 pm on July 13, 2018 through an electronic form available at the same weblink. The documents on the Technical, Economic and Environmental Feasibility Studies (EVTEA) can be accessed at http://www.transportes.gov.br/estudos-e-documentos.html.

Stage 4: Project Feasibility / Business Case Complete

Completed

Stage 5: Government Approval / Procurement Stage

Completed

Government Approvals Obtained
Approved by the Ministry of Transportation.

Revenue Source
User Based

Revenue Source Description
User pay system.

Private Sector Opportunities
Equity, Debt - Private Sector, Construction, Operations, Advisors, Debt - Concession

Estimated Time To Start Of Procurement
Q1 2019

Estimated Time To Award Of Contract
Q2 2019

Economically Regulated Asset
Yes

Length Of Contract (Years)
26-30 Years

Estimated Project Value (Local Currency)
3,520 M BRL
912.3 M USD

Procurement website URL
Concessões Aeroportuárias - Informações a respeito dos 12 aeroportos

Estimated Return on Equity (%)