Auctions first airports
22 Aug 2011
On 22 August 2011, Brazil auctioned rights to the first major airport to be operated by a private company. Brazil's growing demand for air travel—which expanded 23 percent last year—has put a strain on the country's airports. Ms. Rousseff agreed to hand over some airports to private companies in order to expand capacity, especially ahead of the 2014 World Cup and the 2016 Olympic Games, both to be held in the country. More auctions are planned before the end of the year.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Transportation and storage)
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