President Lula signs decree for Natal’s new International Airport

Posted by Pioneer Land Group in Natal airport.

Brazil’s President Luiz Inacio Lula da Silva has signed a decree allowing the privatization of Rio Grande do Norte state’s Sao Gonçalo de Amarante airport. The tender is expected to be worth some 1bn Reais (US$544mn), news service Agencia Estado reported.

The first phase of construction is budgeted at around 800mn Reais and should wrap up by 2012. The airport has already received 105mn Reais in federal funding through the country’s growth acceleration plan (PAC). About 90% of earthworks, 10% of drainage and 25% of paving works have already been completed, and the federal government will invest about 155mn Reais by year-end to complete these works. However, the airport’s runways, take-off and taxiing lanes have yet to be built.

Scheduled to open in 2013, prior to Natal hosts the 2014 FIFA World Cup, Sao Gonçalo airport will be the largest airport terminal in Latin America and the 7th largest in the world, with capacity to handle 5mn passengers/year.

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