The Government of Guinea, Africa50 and the Group Aéroports de Paris (ADP) have signed a 25-year concession agreement to co-develop and finance the upgrade and expansion of Gbessia Conakry International Airport. 

The government and the developers have also agreed to establish the new concessionaire, the Société de Gestion de l’Aéroport de Gbessia (SOGEAG). SOGEAG will be owned by the Government of Guinea (34%), Africa50 (33%) and ADP (33%).

The project consists of the construction and operation of a new terminal for international and domestic passengers and related infrastructure, including a cargo terminal, aprons, and taxiways. The new terminal will have a capacity of one million passengers a year, about twice its current capacity (traffic to be reached by 2031). Phase 1 of the project, estimated at EUR120 million (US$129.46 million), is set to begin this year.

The modernization of the airport will have a significant development impact, providing higher levels of service and safety for passengers and an expansion of economic activity. It should also lead to ICAO certification of the airport shortly after completion.