Singapore's Changi seeking new partner for Rio airport, operator says | Reuters

BRASILIA Singapore Changi Airport [CHAP.UL] is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the president of the company that operates the concession said on Monday.Luiz Rocha told reporters, after meeting with Finance Minister Henrique Meirelles, that Changi was seeking a possible new investor in case its existing partner, Brazilian conglomerate Odebrecht SA [ODBES.UL], leaves the project. Changi partnered with Odebrecht in 2013 for the rights to expand and operate Galeão. Rocha also voiced confidence that state development bank BNDES would disburse a long-term loan to help finance the company

Reuters October 18, 2016 02:00:05 IST
Singapore's Changi seeking new partner for Rio airport, operator says
| Reuters

Singapores Changi seeking new partner for Rio airport operator says
 Reuters

BRASILIA Singapore Changi Airport [CHAP.UL] is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the president of the company that operates the concession said on Monday.Luiz Rocha told reporters, after meeting with Finance Minister Henrique Meirelles, that Changi was seeking a possible new investor in case its existing partner, Brazilian conglomerate Odebrecht SA [ODBES.UL], leaves the project. Changi partnered with Odebrecht in 2013 for the rights to expand and operate Galeão.

Rocha also voiced confidence that state development bank BNDES would disburse a long-term loan to help finance the company. Newspaper Valor said in August that BNDES has declined credit to Galeão because of charges against Odebrecht in a sweeping corruption probe that has rocked Brazilian politics and businesses over the past two years.

(Reporting by Leonardo Goy; Editing by Daniel Flynn)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

also read

From costs to consequences, how Pentagon's reliance on contractors hurt US in 9/11 wars
World

From costs to consequences, how Pentagon's reliance on contractors hurt US in 9/11 wars

The Pentagon pumped out more contracts than it could oversee, lawmakers and government special investigators said

Taliban thanks world for emergency aid, urges US to show 'heart' towards Afghanistan
World

Taliban thanks world for emergency aid, urges US to show 'heart' towards Afghanistan

A donor conference in Geneva on Monday saw countries promise a total of $1.2 billion in aid for Afghanistan, which was taken over by the hardline Islamist group last month in a lightning offensive that took retreating US troops by surprise.

Taliban block hundreds from leaving Afghanistan despite recent assurances to US
World

Taliban block hundreds from leaving Afghanistan despite recent assurances to US

American citizens, green card holders and others, say they have been waiting for more than a week for permission to board waiting charter flights out of the city of Mazar-e-Sharif in northern Afghanistan