Salvador Bahia Airport works financing is granted an international award

Salvador Bahia Airport works financing is granted an international award

 

The financing of the first stage of Salvador Bahia Airport modernization and expansion works with Banco do Nordeste was awarded as Latin American Airport deal of the year by IJGlobal Magazine, an international publication of the infrastructure and energy market. The recognition was announced last night (14) in New York.

The contract between VINCI Airports and Banco do Nordeste (BNB) for the financing of BRL 516 million was signed in June 2018. The term is 20 years. This was the first full unsecured (non-recourse type) full financing of the Brazilian airport industry.  BNP Paribas was the financial advisor on the deal and Mattos Filho the legal advisor. 

VINCI Airports became the concessionaire of Salvador Bahia Airport in 2017 and took over the operations in 2018 after completing the transition process under the public authorities’ leadership. Since then, the plan for the modernization and expansion works at Salvador Bahia Airport has been moving forward successfully, with a number of interventions such as expansion of the 20,000 m² built area, construction of a new pier with 6 boarding bridges, a new embarkation area, refurbishment of the refrigeration system, expansion of the aircraft yard, reform of the main and auxiliary runways, investments in sustainability, among others.

"In a year in which we had other major financings, including in the airport sector, it is an honor to have received this recognition from a jury composed of major players in the project finance market. The award is further evidence of our successful entry into the Brazilian market and the expertise of VINCI Airports in airport construction and development, "said Julio Ribas, Salvador Bahia Airport CEO.

About Salvador Bahia Airport
Located in the capital of the state of Bahia and the first ever capital of Brazil, Salvador Bahia Airport is one of the ten busiest airports in the country. In 2018, the facility served more than 8 million passengers travelling towards about 30 destinations, domestic and international included.

Salvador Bahia Airport joined the VINCI Airports network on January 2 2018, through a Concession contract lasting up to 2047. Aiming to improve passengers experience and provide better services to airlines, VINCI Airports launched an ambitious investment plan to modernize and expand the airport. The first phase of works, which includes the construction of a new 20,000 sqm departure area and the refurbishment of the existing terminal, is expected to be completed in October 2019.

About VINCI Airports
VINCI Airports, a top five global player in the international airport sector, manages the development and operation of 46 airports in France, Portugal (including the Lisbon hub), the United Kingdom, Sweden, Serbia, Cambodia, Japan, the United States, Dominican Republic, Costa Rica, Chile and Brazil. Served by more than 250 airlines, VINCI Airports’ network handled 195,2 million passengers in 2018. Through its expertise as a comprehensive integrator, VINCI Airports develops, finances, builds and operates airports, leveraging its investment capacity, international network and know-how to optimise the management and performance of existing airport infrastructure, facility extensions and new-build construction projects. More comprehensive information is available on www.vinci-airports.com.