Post on 07-Apr-2018
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Brazilian Airports:
Challenges and Opportunities Related to
FIFA World Cup 2014 and Olympic Games 2016
Southern Cone Infrastructure Summit
Santiago, Chile
October, 2010
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Introduction: A-port
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Who we are
Brazilian company
Camargo Corra, Zurich Airport, IDC
Develop, invest and operate airports
Latin America and the Caribbean
Concessions, PPP, Greenfield, M&A
Operations in 5 countries
Presence in 10 airports
16 mmppa under management
1.1 million cars/year (parking)
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Chile
Airport: El Tepual (PMC), in Puerto Montt
Passengers: 803,000 (2009)
A-port: Shareholder (33,4%) and O&M
Airport: La Florida (LSC), in La Serena
Passengers: 318,000 (2009)
A-port: Shareholder (100%) and O&M
Airport: El Loa (CJC), in Calama
Passengers: 473,000 (2009)
A-port: Shareholder (100%) and O&M
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Colombia
Airport: El Dorado (BOG), in Bogot
Concessionaire: Opain S.A.
Passengers: 11,175,000 (2009)
A-port: Technical Services Agreement
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Curaao
Airport: Hato International Airport (CUR)
Passengers: 1,364,000 (2009)
A-port: Shareholder (51%) and O&M
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Honduras
Airport: Toncontn (TGU), in Tegucigalpa
Passengers: 421,000 (2009)
Airport: Ramn Morales (SAP), San Pedro Sula
Passengers: 697,000 (2009)
Airport: Goloson (LCE), in La Ceiba
Passengers: 171,000 (2009)
Airport: Juan Manuel Galvez (RTB), in Roatn
Passengers: 172,000 (2009)
Concessionaire: Interairports S.A.
A-port: Technical Services Agreement
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Brazil
Asset: Car Parking at Congonhas Airport, So Paulo
Cars: 1,055,000 (2009)
A-port: Shareholder (80%) and O&M
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The Brazilian Market
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The Main Brazilian Airports
Natal
Fortaleza
Belm
Manaus
~ 700 airports
~ 150 with commercial scheduled flights
Infraero manages the main 67 airports
State-owned company
97% of the air traffic in Brazil
Recife
Salvador
Braslia
Confins
Porto Alegre
Curitiba
Congonhas
Guarulhos
Santos-Dumont
Galeo
Florianpolis
Cuiab
Goinia
Campinas
Vitria
19 airports > 1 mm pax/year
2014 FIFA World Cup Host Cities Airports
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12,612,2
12,6 13,3
13,1
90
100
110
120
130
140
Strong growth in the Brazilian aviation sector
82.7
96.1
102.2110.6
113.2
engers(million)
71.2
80 % Total
10,3% CAGR
128.1
61,371,5
83,590,0
98,0 99,9
115,0
9,9
11,2
0
10
20
30
40
50
6070
2003 2004 2005 2006 2007 2008 2009
International Passengers
Domestic Passengers
InfraerosP
as
Source: Infraero
15%
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.but, on the other hand
132%
114%
79%
92%
105%
118%
165%
140%
million of pax/year
AirportPax Terminal
CapacityPax in 2009 Pax Terminal Capacity Usage
Apron
Capacity
So Paulo - Guarulhos 16,5 21,7
So Paulo - Congonhas 12,0 13,7
Rio - Galeo 15,0 11,8
Braslia 7,4 12,2
Salvador 6,0 7,1
Porto Alegre 6,1 5,6
Belo Horizonte - Confins 4,0 5,6
Recife 5,0 5,3
- -
168%
139%140%
126%
, ,
Curitiba 3,5 4,9Fortaleza 3,0 4,2
Campinas - Viracopos 2,0 3,4
Natal 1,5 1,9
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and Brazil will host 2 major sports events
2014 FIFA World Cup
12 Host Cities
15 airports involved
850,000 tourists; 600,000 using airportsUS$ 19.4 bn in infrastructure
2016 Olympic Games
Rio de Janeiro
15,000 athletes
1,000,000 touristsUS$ 14.4 bn total investment
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Airports for 2014 FIFA World Cup and 2016 Olympic Games
Estimated investment at the 15 airports
involved: US$ 2.8 bn
Other Olympic Games and FIFA World
Cup examples:
Greece: US$2.7 bn
China: US$3.5 bn
South Africa: US$2.6 bn
Beijing Airport, ChinaInfraeros answer to date:
Interim solutions
MOP - interim pax terminals
Difficulty in doing the neededinvestment in a proper and
definitive way
We have problems TODAY !
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Solution through airport concessions
The private sector brings...
Equity and debt financing
Technological transfer (state-of-
the-art industry practices)
Management agility
Decision making with transparency
and responsibility
Resulting in...
Infrastructure expansion
Comfort, safe and security for
passengers and other users of the
airportAttraction of new airlines and
routes
New investors at the airport
Sustainable growing
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Many countries already with Airport Concession Programs
Latin America
Chile, Argentina, Peru, Ecuador, Colombia,
Uruguay, Bolivia, Mexico, and other
countries in Central America and Caribbean
BRICs
India: Mumbai, Deli, Bangalore, Cochin and
Hyderabad
.
Some more successful than others
Opportunity to analyze the lessons learned
ANAC(1) analyzed several international cases:
Conclusion: concession as solutionNeed a specific regulatory framework
Draft of a Federal Decree
Pilot Project: So Gonalo do Amarante, RN
(1) Brazilian Civil Aviation Agency
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Brazilian Airport Concession Regulatory Framework
Concession of Public Services to Private Sector:
Consolidated legal framework: Federal Constitution, Concession Law, PPP Law
International accepted concepts: concessions, PPPs and administrative authorizations
Legal framework has been successfully tested over the years by the Brazilian Courts
Concession of Airports to Private Sector:
Brazilian Aviation Code
Civil Aviation A enc Law
Use of Airports Law
Resolutions issued by CONAC(1) and ANAC
Conclusion: no further general regulation is required
Still missing: specific airport industry regulation for private sector proper participationRegulation on competition, tariff setting, pricing, revenue treatment, specific biddingrules, players restriction, minimum technical operational qualifications etc.
(1) Civil Aviation Council
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Possible Concession Model for the Brazilian Airports
Onerous Concession (concession fee paid):
Government uses the value paid by private
concessionaires to operate and maintain
other Infraeros airports; or
PPP: sponsored concession, when feasibilitystudies demonstrate the need for
government grants
Concession of individual or group of airports
Airport operational qualificationInternational standards for levels of comfort
and service (IATA)
Investments and expansions must be demand
driven
Regulation of aeronautical tariffs, ceiling
prices, productivity factor
Free competition for commercial revenues:
partly used to lower aeronautical tariffs
(partial dual till)
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THANK YOU !
A-port S.A.Rua Funchal, 160 Vila OlmpiaSo Paulo SP 04551-903Brasiltel.: 55 11 3841-5779fax: 55 11 3841-5166
www.a-port.aero
A-port Operaciones S.A.Av. Vitacura, 2736, Piso 37550597 Las Condes SantiagoChiletel.: 56 2 362-9840fax: 56 2 362-9680
www.a-port.aero