SAO PAULO Dec 20 Brazil's government plans to
allow stakeholders in Rio de Janeiro's international airport to
pay overdue operating charges in monthly installments as
Congress considers legislation on infrastructure concessions,
newspaper O Globo reported on Tuesday.
Concession company Riogaleão has delayed paying the
government almost 1 billion reais ($297.22 million) in
concession rights since May, after one of its partners,
Odebrecht SA, was cited in a massive corruption investigation
Riogaleão could pay 240 million reais ($71.33 million) in 12
monthly installments while Congress decides whether to approve a
temporary decree issued by President Michel Temer sketching out
new rules for infrastructure concessions, the newspaper said.
The decree gave the government the power to strip concession
rights from investors that fail to meet the minimum terms of
their contracts. Congress has up to 90 days to rule on the
Riogaleão and Brazilian regulator ANAC did not immediately
respond to requests for comment.
($1 = 3.3645 reais)
(Reporting by Silvio Cascione; Editing by Lisa Von Ahn)