EBRD Board to consider EUR100 million loan for Belgrade airport concession

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Vinci Airports' request for a EUR100 million (US$115.4 million) loan from the European Bank For Reconstruction and Development (EBRD) has passed the bank's final review stage and is scheduled to be considered by the EBRD Board on 31 October 2018. Vinci is requesting the loan to support the financial close of the Belgrade Nikola Tesla Airport concession, which it was awarded in January this year.

The 25-year concession covers the financing, development, maintenance, operation and management of the airport, which is the the international airport in the Republic of Serbia. The total estimated investment for the first four years is EUR980 million (US$1.13 billion), including an upfront concession fee payment.

The proposed EBRD loan would be provided under an A Loan/ B Loan structure (B Loan provided by commercial banks), and co-financed with other International Financial Institutions, such as the World Bank's International Finance Corporation, France's Proparco and Germany's DEG.

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