VINCI finalising Belgrade Airport takeover
The French concession and construction company VINCI has confirmed it is finalising the 25-year takeover of Belgrade Nikola Tesla Airport. In a statement to EX-YU Aviation News, the company said, "The VINCI Airports teams have been very busy finalising the satisfaction of the conditions required for the concession agreement to enter into force". It added that it will soon share an official date of the takeover. It comes after the French Ambassador to Serbia, Frederic Mondoloni, said in mid-November, "The official takeover will take place in the coming weeks as stipulated by the contract". It was previously tipped to occur during the first week of December, during an official state visit by French President Emanuel Macron to Serbia, which has been postponed following widespread protests by the Yellow Vest movement in France.
VINCI submitted the best bid for the 25-year concession for the financing, development through construction and reconstruction, maintenance and management of infrastructure of Belgrade Airport on January 5. It signed the concession agreement, valued at 1.2 billion euros, with the Serbian government, on March 22. At the time, VINCI Chairman, Nicolas Notebaert, said, “We will prove that this was the right choice. We have come here as long-term partners. We have an energetic investment plan. First and foremost, our aim is to make every visitor remember Serbia in the best possible way, since the airport is the first and last place they will see in the country. We are excited that Belgrade Nikola Tesla Airport will become a true hub in this part of Europe”.
The French concessionaire closed the financial construction of the contract on November 1, when it was granted a 100 million euro loan by the European Bank For Reconstruction and Development. It previously received loan approval from other financial institutions, including the International Finance Corporation, France's PROPARCO and the German Investment Corporation. Meanwhile, Belgrade Airport posted its financial results for the January - October period, during which it recorded revenues of 76.5 million euros, which is up 12% on last year. Furthermore, its net profit stood at 26 million euros, representing an increase of 2% on 2017.
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