Belgrade Airport (IFC-41123)

Countries
  • Serbia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
VINCI AIRPORTS SERBIA D.O.O.
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 117.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 100 million
Converted using 2018-09-21 exchange rate.
Loan Amount (USD)
$ 117.58 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,410.93 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 1200
Converted using 2018-09-21 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 13, 2019

Disclosed by Bank Sep 21, 2018


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Project Description

According to IFC website,  in 2017, the Government of Serbia decided to launch the privatization of Belgrade Airport by tendering a 25-year concession for the upgrade, development and operation of the airport. VINCI Airports SAS, was selected as preferred bidder in January 2018 and the Concession Agreement was signed in March 2018. The Sponsor has committed to pay an upfront concession fee of EUR 501 million, to make capital investments in excess of EUR 700 million over the concession period and to pay annual concession fees in exchange of the right to operate the airport for the next 25 years. The project is expected to: 

(a) Improved access and quality of civil aviation services;
(b) Economy-wide impact: increase in GDP, employment and government revenues;
(c) Contribution to market creation as the first large-scale PPP project in the country;
(d) Integration: as Serbia’s largest and busiest international airport, Belgrade Airport will handle all the potential growth in international traffic and contribute to opening access to new short and long-haul markets.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

VINCI Airports SAS
Direction de la communication
Telephone No.: +33 1 47 16 46 40
Email Address: communication@vinci-airports.com
Office Address: 12/14, rue Louis Blériot - CS 3007192506 Rueil-Malmaison Cedex – France

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