50 SKY SHADES - World aviation news

VINCI Airports completes financing for Belgrade airport concession and takes over operations

Download: Printable PDF Date: 26 Dec 2018 15:40 (UTC) category:
Publisher:
VINCI Airports completes financing for Belgrade airport concession and takes over operations - Airports / Routes publisher
Dana Ermolenko
Aircraft: Airplanes

VINCI Airports has satisfied all the conditions precedent in the contract and is officially taking over the concession at Nikola Tesla Airport in Belgrade.

VINCI Airports signed a 25-year concession contract covering the airport’s financing, operation, maintenance, extension and upgrade, and stating the conditions it has since satisfied, on 22 March last.

To complete this transaction, VINCI Airports has raised loans amounting to a total of €420 million and maturing over a maximum of 17 years from 4 multilateral institutions – IFC (a member of the World Bank Group), EBRD (European Bank for Reconstruction and Development), Agence Française de Développement (via its subsidiary Proparco) and DEG (KfW Group) – and from 6 merchant banks (UniCredit, Intesa, Erste, Société Générale, Kommunalkredit and CIC).

The loans will complement the equity that VINCI Airports is investing in the operation and cover the €501 million upfront concession fee paid to the granting authority as well as the airport extension and upgrade works provided in the contract.

These financing arrangements constitute a milestone in Belgrade airport’s development, and one of the largest financial transactions ever carried out in Serbia.

When it officially takes over operations this 22 December, VINCI Airports will be in a position to harness the expertise it has built as a world-class operator to grow Serbia’s main airport into a major hub for south-eastern Europe (it catered to 5.3 million passengers in 2017) and to drive its development.

 



Loading comments for VINCI Airports completes financing for Belgrade airport concession and takes over operations...


Recommended

Gazprom and Russian Helicopters signed a cooperation agreement to supply the first Russian offshore helicopters

Vitaly Markelov, Deputy Chairman of the ''Gazprom'' Management Committee and Andrey Boginsky, Director General of ''Russian Helicopters'' signed a Strategic Cooper...

EHang - commencement of operations in Yunfu Production Facility

EHang announced that, as scheduled, it has commenced operations at its new AAV production facility in Yunfu city, China in late June 2021. The new facility represents a scale-up of the Company's p...

United Aircraft Corporation highlighting new aircraft during MAKS-2021 airshow

The United Aircraft Corporation (PJSC UAC as part of the Rostec State Corporation) will display new products and wide exposition at the International Aviation and Space Salon MAKS-2021, which will be...

Legends Airways announce TECNAM fleet acquisition across three models

TECNAM and Legends Airways today announced an aircraft purchase agreement for a fleet of 5 initial aircraft for the fixed-wing flight training school. The purchase consists of two P2008 LSA, two&...