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

BRASILIA Singapore Changi Airport is seeking a potential new partner for its investment in Rio de Janeiro's Galeão international airport, the head of the company running 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, a division of Brazilian conglomerate Odebrecht SA, leaves the project. "Changi has a stake in other airports outside of Singapore and has relationships with top shelf investors. The idea is to bring one of them to Galeão," Rocha told reporters in Brasilia after a meeting with Finance Minister Henrique Meirelles.

Changi partnered with Odebrecht and state airport operator Infraero in 2013 for the rights to expand and operate Galeão. Rocha, chief executive of RIOGaleão, 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, Bernard Orr)

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


Updated Date: Oct 18, 2016 04:45 AM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See