VINCI Airports and the Government of the Dominican Republic extend airport concession contract for 30 additional years
22 Dezember 2023 - 8:45AM
VINCI Airports and the Government of the Dominican Republic extend
airport concession contract for 30 additional years
Nanterre, 22 December
2023
VINCI Airports and the Government of the
Dominican Republic extend airport concession contract for 30
additional years
- Agreement to extend airport
concession contract by 30 years
- Upfront payment of 775 million
dollars (€705 M) to the Dominican state and total CAPEX commitment
(works) of 830 million dollars (€755 M) until the end of the
extended concession
- Continued VINCI Airports’ support
to the country’s tourism industry and environmental transition
VINCI Airports, concessionaire of 6 airports1 in
the Dominican Republic since 2016 through its subsidiary Aerodom,
has just been granted by the Government of the Dominican Republic a
30-year extension of its concession contract, originally scheduled
for 2030.
Under the extended concession contract, from
2030 to 2060, VINCI Airports will be responsible for financing,
operating, maintaining, developing and upgrading the modernization
of the airports under concession. VINCI Airports will notably
build and operate a new passenger terminal at Santo Domingo airport
and continue to implement its environmental action plan, including
expansion of solar power plants and deployment of wastewater
treatment plant as well as waste sorting centers.
An upfront payment of 775 million dollars (300
million dollars immediately (€273 M) and 475 million dollars (€432
M) at financial close in H1 2024) will be made by Aerodom to the
Dominican state, while the company will also invest 830 million
dollars (€755 M) in the airports’ infrastructure throughout the
concession period, including 250 million dollars (€227 M) for the
new terminal to be built in Santo Domingo.
The long-term extension confirms the success of
the first airport concession in the Dominican Republic: modernizing
the passenger terminals, opened a new cargo terminal in Santo
Domingo in 2020 and developed several solar plants totaling
7.5 MWc to decarbonize airports’ operations.
Since Aerodom joined VINCI Airports’ network,
traffic at its Dominican airports has grown by 6% per year between
2016 and 2019 and reached, from January to November 2023, +17% of
2019 level for the same period. In 2022, Aerodom contribution to
VINCI revenue and Ebitda was 191 million euros and
161 million euros, respectively (84.5% Ebitda
margin).
About VINCIVINCI is a global player in
concessions, energy and construction, employing 272,000 people in
more than 120 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance,
above and beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible manner.
And because our projects are in the public interest, we consider
that reaching out to all our stakeholders and engaging in dialogue
with them is essential in the conduct of our business activities.
VINCI’s ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
1 The airport of the capital Santo Domingo, the
international airports of Puerto Plata, Samaná, La Isabela and
Barahona, and the national airport of Arroyo Barril.
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_Extension du contrat de concession République
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