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São Paulo is auctioning 22 airports today; expected investment is R$447 (US$90) million

RIO DE JANEIRO, BRAZIL - The Socicam group, a medium-sized operator, is considered the favorite in the competition, according to people familiar with the matter. The company currently manages the federal airports of Cuiabá, Sinop, Rondonópolis, and Alta Floresta, in Mato Grosso.

The airfields in the interior of the state will be granted concessions by the administration of João Doria (PSDB) for 30 years and should receive investments of at least R$447 million during the period. With the concession, the government expects to save at least R$700 million on maintenance of the airports during the term . . .

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