Lisbon airport expansion agreement signed by VINCI Airports

posted on 14th January 2019 by yumna
Lisbon airport expansion agreement signed by VINCI Airports

On January 8, ANA —Aeroportos de Portugal’s 10 airports and all VINCI Airports, signed an agreement with the Portuguese government, detailing the main principles for the expansion of airport capacity in the Lisbon Region.

The expansion of existing Lisbon airport and the opening of a new civil airport in Montijo, is expected to see €1.15 billion invested for the project over the next decade.

Nicolas Notebaert, CEO of VINCI Concessions and President of VINCI Airports, said: “This project and this investment marks a new confirmation of the two main commitments we took on 6 years ago, when we first applied for the privatization of ANA—to contribute to the development of the Portuguese economy by increasing traffic, and to invest in infrastructure to support future growth.

“Traffic in Lisbon has already increased by almost 100% in the last 6 years and here we are again announcing new investments after the €200 million we have already invested in the different Portuguese airports.”

The agreement confirms the consensus reached between the parties on the main technical, operational, and financial assumptions of the project. Terms will be included in the addendum to the concession agreement, which should be signed this year (2019), once they obtain necessary environmental authorizations.

This project contributes a new dual system of airport infrastructures to serve the region of Lisbon which will enhance the hub function of Humberto Delgado Airport through additional contact positions and reduced connecting times.

With a target capacity of 48 ATM every hour in Humberto Delgado, this dual airport system will absorb expected growth until the end of the concession, which remains unchanged until 2062.

As part of the agreement, ANA are expected invest €1.15 billion by 2028, which includes €650 million for the first phase and €500 million for opening of the new civil airport in Montijo.