Changi Airport consortium scores US$8.3b Rio deal
Winning group will expand Galeão airport before 2016 Olympics
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Sao Paulo
IN what is possibly the biggest ever deal involving a Singapore entity, Brazil yesterday awarded an US$8.3 billion concession to a consortium that includes Changi Airport Group to expand and run Rio de Janeiro's Galeão airport.
Brazilian conglomerate Odebrecht and Singapore's CAG will have the rights, lasting 25 years, to expand the airport before the city hosts the 2016 Olympics, sprucing up an underwhelming international gateway to Brazil's postcard city.
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