VINCI has completed all the conditions set for the takeover concession of a Belgrade Airport in Serbia including its financing. The company has raised loans totalling EUR420 million (US$478.85 million) for over 17 years tenor from four 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 six merchant banks (UniCredit, Intesa, Erste, Société Générale, Kommunalkredit and CIC).
The company has signed 25-year concession agreement for the financing, operation, maintenance, extension, and upgrade of the Nikola Tesla Airport. The structured loans complement with the equity that VINCI is investing in the operation and cover the EUR501 million (US$571.2 million) upfront concession fee paid to the granting authority as well as the airport extension and upgrade works provided in the contract.
The company took over the operation of the airport on December 22.
Country updates
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December 17, 2018
VINCI confirms upcoming takeover of Belgrade airport
VINCI has confirmed that it is finalising the satisfaction of conditions required for the takeover of operations at Nikola Tesla Airport in Belgrade, Serbia, under its EUR1.2 billion (US$1.356 billion...
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December 03, 2018
Marguerite acquires stake in waste-to-energy PPP in Serbia
Marguerite has announced that it has acquired a 20% stake in Beo Čista Energija (BCE), a company delivering a 25-year waste management and resource recovery project in Belgrade under a Public-Private...
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October 18, 2018
EBRD Board to consider EUR100 million loan for Belgrade airport concession
Vinci Airports' request for a EUR100 million (US$115.4 million) loan from the European Bank For Reconstruction and Development (EBRD) has passed the bank's final review stage and is...
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July 19, 2018
Serbia's Commission for Protection of Competition approves airport concession
Serbia's Commission for Protection of Competition approved the concentration of undertakings created by acquisition of control on the part of company Vinci Airports Serbia over business operations...
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July 11, 2018
Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said they are starting the talks about the project with CRBC and they are discussing a concession as one of the ways of financing
