Salvador Bahia Airport works financing is granted an international award for the second time

Salvador Bahia Airport works financing is granted an international award for the second time

The Salvador Bahia Airport’s works financing agreement with Banco do Nordeste (BNB) was awarded with an international prize for the second time this year. The “Airport Financing of the year” was granted last night (3) in New York by Latin Finance, an international publication specialized in the financial markets and economies of Latin America and the Caribbean. Last March, Salvador Bahia Airport had been chosen “Latin American Airport deal of the year” by IJGlobal Magazine.


"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 Lorenzo, Salvador Bahia Airport Financial Director.


The deal


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.


The Concessionaire Salvador Bahia Airport joined VINCI Airport’s network 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.


The project involves a number of interventions such as expansion of 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.


About Salvador Bahia Airport


Located in the capital of Bahia and the first Brazilian capital, Salvador Bahia Airport is among the ten busiest airports in the country. During the year 2018, more than 8 million passengers traveled through the terminal to about 30 destinations with direct connections between domestic and international flights.


Salvador Bahia Airport was integrated into the VINCI Airports network on January 2nd, 2018, through a Concession Agreement lasting until 2047. In order to offer a better experience to its passengers and better service to airlines, VINCI Airports has started an ambitious investment plan to modernize and expand the airport. The first phase of the works, which includes the construction of a new area of 20,000 m² and the refurbishment of the existing terminal will be completed in October 2019.


About VINCI Airports


VINCI Airports, as the largest private airport operator in the world, manages the development and operations of 46 airports located in France, Portugal, the United Kingdom, Sweden, Serbia, Cambodia, Japan, the United States, Dominican Republic, Costa Rica, Chile and Brazil. Served by around 250 airlines, the VINCI Airports network carried 240 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 optimize the management and performance of existing airport infrastructures, extensions and projects of new buildings. In 2018, its annual revenue for managed activities was of 3.6 billion euros and 1.6 billion euros for consolidated revenue. More information is available at www.vinci-airports.com or www.salvador-airport.com.br.