The Brazilian Government is to spend R$7.5bn ($4.24bn) on revamping and modernising its airports ahead of the FIFA World Cup in 2014.

The government has begun the process of inviting private investors to renovate the airports and will grant concessions for their management.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The concession process, which is in the public consultation phase, has already opened for Guarulhos, Brasilia and Viracopos airports.

The minimum bid for Guarulhos airport was fixed at R$2.3bn during the 20-year term of its concession and the minimum bid for Brasilia and Viracopos was stipulated at $42.4m and $295m for concession periods of 25 years and 30 years, respectively.

The government will finish all airport work by December 2013.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Airport Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Airport Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now