São Paulo to auction off 22 airports in push for economic recovery

As part of São Paulo’s state post-Covid recovery plan, the state administration will auction off 22 local airports on the B3 stock exchange on July 15, aiming to raise BRL 447 million (USD 87.9 million) in investment to revamp the facilities. 

The auction was first announced in October 2020, as part of a BRL 36 billion investment plan which included the construction of a high-speed train linking São Paulo city to industrial hub Campinas. So far, the administration has sold off lines 8 and 9 of the São Paulo metropolitan train network, raising BRL 980 million — over three times the minimum bid. 

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