Brazilian firm Grupo Libra, through its subsidiary Libra Aeroportos, has proposed a public private partnership (PPP) contract to transform São Paulo state's Guarujá military air base into an international airport.

Guarujá currently has the necessary land to develop the project. The air force transferred a total of 275,000 m² of land to the city.

According to sources, Guarujá city has plans to launch the tender process by the first quarter of 2015. The project would involve the development of a 4,800 m² passenger terminal, access roads, a 300-vehicle parking facility, an apron to park four planes, and the expansion of a 1.39 km runway by 210 meters. The new airport is expected to handle about 1 million passengers per year.

The total project investment is estimated at R$150 million (US$61.2 million).

The city has been planning to issue the tender process since 2012, when it received the necessary land to develop the airport. At that time the tender process was set to be issued in April 2013.

Grupo Libra owns a 60% stake in the airport of Angra dos Reis. The firm also operates the international airport of Cabo Frio, which is the first public airport administered by private management and authorized to operate both cargo and passenger international flights.