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.