Brazil is selling off dozens of airports

7 months ago 150
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(CNN)Brazil is auctioning airports successful what the authorities describes arsenic a bid to rise investments and modernize infrastructure.

Sixteen airports volition beryllium auctioned -- including Congonhas successful São Paulo, and Santos Dumont successful Rio de Janeiro -- by the extremity of 2022, the authorities said successful a tweet Wednesday.

They adhd to the 34 airports already auctioned by Brazil since 2019, which raised astir 34 cardinal Brazilian existent (US$ 6 billion), the authorities said.

    "It is strategical for Brazil to transportation power of airports to the backstage assemblage successful bid to summation investments and the prime of services," it added.

      The auctions travel arsenic the planetary aviation manufacture grapples with the fallout of coronavirus question bans. While determination has been immoderate betterment to the manufacture successful different nations similar the US and successful Europe, Brazil's aviation sector has felt the interaction of being 1 of the hardest deed countries by the pandemic.

      Brazil holds the 2nd highest Covid-19 decease toll successful the world, 2nd lone to the United States.

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