German airport operator Fraport has won concessions to operate Fortaleza International Airport and Porto Alegre Airport in Brazil.
In order to develop and operate the two airports, Fraport placed bids of €446.81m for Fortaleza Airport and €113.36m for Porto Alegre Airport.
The concession period for Fortaleza Airport will run for 30 years, while Fraport will operate the Porto Alegre airport for a concession period of 25 years.
In addition to the concession price, Fraport will have to pay a fixed fee amounting to 5% of the airport’s annual revenue.
With the highest bids, Fraport will take over the concessions from Brazil’s state-owned company Infraero, which currently operates the two airports.
Fraport executive board chairman Dr Stefan Schulte said: “We are excited to start working at Fortaleza and Porto Alegre airports soon.
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“Using our extensive expertise, we are committed to further developing both airports markedly for the benefit of the Brazil.
“For our airline and passenger customers, we will quickly implement improved processes and services as well as attractive food and beverage offerings.”
Located in the federal state of Ceará in the northeastern-most part of Brazil, Fortaleza’s Pinto Martins International Airport is built over an area of 5.3km² and features one runway and one passenger terminal.
Last year, Fortaleza International Airport handled 5.7 million passengers, making it Brazil’s 12th busiest airport.
The 3.8km² Porto Alegre’s Salgado Filho International Airport, which has one runway and two passenger terminals, handled 7.6 million passengers last year.