VINCI Airports signs contract for Belgrade airport concession

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
VINCI Airports signs contract for Belgrade airport concession

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

VINCI Airports has signed a 25-year concession agreement for the financing, development through construction and reconstruction, maintenance and management of infrastructure of Belgrade Nikola Tesla Airport.

As reported on this platform, the tender for the project was launched in February 2017. VINCI submitted a bid, alongside three consortia, in December, and was selected as preferred bidder in January, signalling its victory over competitors that included Meridiam, EiffageGMR Infrastructure and Incheon International Airport Corporation.

VINCI's offer corresponds to EUR1.5 billion (US$1.85 billion) investment. The company offered to pay EUR501 million US$618.8 million) upfront, and invest an additional EUR732 million (US$904.2 million) over the concession period, as well as annual payments of between EUR4.3 and 16 million.

Located in the capital of the Republic of Serbia​, Belgrade Nikola Tesla is the country’s main airport, serving as the hub of Serbian flag carrier Air Serbia, which accounts for more than 50% of the airport’s passenger traffic. It welcomed 5.3 million passengers in 2017.

The signing of the concession agreement has initiated a six month period during which VINCI Airports has to meet certain conditions detailed in the agreement, such as the signing and entry into force of the financing agreements. Once these conditions are met, the concession will start.

As concessionaire, VINCI Airports will aim at improving airport operating conditions to enable Air Serbia to offer new long-haul routes as part of its hub strategy. VINCI Airports will build on its partnerships with over 200 airlines to further increase the airport’s traffic and connectivity, in line with Serbia’s strong economic growth potential.

This success marks VINCI Airports' expansion into Southeast Europe, a geographical area in which the company has not operated until now. Belgrade Nikola Tesla Airport will serve as the company's regional hub.

List of country news

Country news

  • January 10, 2018

    Vinci Airport selected as preferred bidder for Belgrade airport concession

    The Republic of Serbia and ANT (Airport Nikola Tesla) have selected VINCI Airports as preferred bidder for the Belgrade Nikola Tesla Airport concession, a 25-year concession covering financing, operation, maintenance, extension and upgrade of the existing airport terminal and runways.

    Read more
  • December 19, 2017

    Four binding bids submitted for Belgrade airport concession

    Four investors have submitted binding bids in a tender for a 25-year concession contract to operate Belgrade Nikola Tesla Airport. The successful bidder will finance, maintain and manage the infrastructure of the airport and perform all operations.

    Read more
  • October 02, 2017

    Serbia signs first waste PPP

    The city of Belgrade and representatives of Suez and Itochu entered into the largest Public-Private Partnership (PPP) ever signed in Serbia for the remediation of the Belgrade municipal waste landfill and the financing, construction and long-term operation of modern waste management facilities for the Serbian capital.

    Read more
  • September 01, 2017

    Belgrade awards contract for waste PPP

    Serbia’s City of Belgrade has awarded a contract for municipal waste treatment and disposal services PPP project.

    Read more
  • July 21, 2017

    Single bidder for Belgrade waste PPP

    The Belgrade Administration (Serbia) has announced that only one bid has been submitted for the Belgrade municipal waste treatment and disposal PPP project.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.