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VINCI to invest $1.3b to create dual airport system in Lisbon
Investors - JANUARY 9, 2019

VINCI to invest $1.3b to create dual airport system in Lisbon

by Jody Barhanovich

Aeroportos de Portugal, concessionaire of 10 airports in Portugal and 100 percent subsidiary of VINCI Airports, has signed an agreement with the Portuguese government to expand the airport capacity in the Lisbon Region.

As part of the agreement, ANA shall invest €1.15 billion ($1.3 billion) by 2028, including €650 million ($750 million) for the first phase of the extension of the existing Lisbon airport, and €500 million ($577 million) for the opening of a new civil airport in Montijo. In addition, €156 million ($180 million) will be invested to compensate the Air Force and to contribute to access works in Humberto Delgado and Montijo.

This project contemplates a new dual system of airport infrastructures to serve the region of Lisbon enhancing the hub function of Humberto Delgado Airport through additional contact positions and reduced connecting times and a point-to-point flexible, cost-effective and sustainable airport in Montijo, located near the city center and offering a new generation terminal.

The agreement seals the consensus reached between the parties on the main technical, operational and financial assumptions of the project as well as the evolution of the future economic regulation.

Its terms will be included in the addendum to the concession agreement, which should be signed in 2019, once the environmental authorizations have been obtained.

 

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