The next five years are going to be busy in Brazil. With the 2014 FIFA World Cup and the 2016 Olympic Games in Rio de Janeiro rapidly approaching, the Brazilian federal government has identified infrastructure development as an area of key importance. With a large number of overseas visitors expected at the two largest sporting events in the world, transport-related infrastructure has become a priority.
Managing Partner
Wikborg Rein
As a result, the federal authorities made the move to include the airport sector in the national privatization programme (PND) as they seek to modernize the country’s airports and ensure they operate in an efficient and customer-focused manner. The opening to private participation of airport assets, traditionally run by the public sector, will be achieved through the awarding of concession agreements.
The Brazilian Aviation Code establishes that public airports may be built, maintained and operated by means of concession or authorization (Law 7.565/86, article 36).
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Geir Sviggum is managing partner of Wikborg Rein in Shanghai. Georgia Souza is a an associate at Vieira Rezende Barbosa e Guerreiro Advogados, an associated law firm of Wikborg Rein, in Rio de Janeiro
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