Feb 11 • 16:41 UTC 🇧🇷 Brazil Folha (PT)

Government launches modernization plan for airports with R$ 4.6 billion financing via BNDES

The Brazilian government has announced a R$ 4.6 billion investment plan for airport modernization, focusing on enhancing facilities and creating development hubs.

On Wednesday, October 11, the Brazilian government, led by President Lula, unveiled a significant investment plan aimed at modernizing the country’s airports. This initiative comes with a financial backing of R$ 4.64 billion from BNDES (Banco Nacional de Desenvolvimento Econômico e Social). One of the major projects highlighted is the upgrade of Congonhas Airport, which will see the construction of a new passenger terminal along with seven new boarding bridges. These enhancements are set to expand the terminal's area from 40,000 square meters to an impressive 105,000 square meters.

During the announcement, Silvio Costa Filho, the Minister of Ports and Airports, expressed pride in the support received from the financial market, which he noted has shifted from skepticism to praise since he took office. He remarked that the modernization is not just about upgrading existing structures but aims to transform these airports into comprehensive development complexes. This approach envisions airports serving as more than just transit points, highlighting their potential for economic growth and infrastructure development within their regions.

The government's strategic focus on overhauling airport facilities is part of a broader agenda to enhance national infrastructure and stimulate economic activity. By investing in airport modernization, the government aims to improve connectivity and transportation efficiency, which are crucial for both local economies and the broader Brazilian market. Such developments are likely to have lasting impacts, not only on travel and tourism but also on trade and logistics in Brazil.

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