Passenger Terminal Today - Elizabeth Baker
Vinci Airports has secured €60m (US$66m) in financing for the acquisition of seven airports in Cabo Verde.
The financing, maturing over 20 years, comes from three development banks: World Bank-IFC, Proparco (France) and DEG (Germany) and is certified under the sustainability-linked financing (SLF) framework. To secure certification, Vinci set two sustainability targets – one involving a progressive reduction in CO2 emissions, the other involving the Airport Carbon Accreditation program. This is one of Vinci Airports’ very first financing arrangements of this kind, and the first time IFC, Proparco and DEG have financed airports through an SLF.
Vinci Airports has now taken over the operation of these airports, which it will fund, operate, maintain, extend and modernize over the next 40 years, alongside its Portuguese subsidiary (ANA-Aeroportos de Portugal), which will hold 30% of the concession company.