France's Minister for Transport has announced that the government plans to terminate the concession to operate Nantes Atlantique Airport, located in the Pays de la Loire region of western France. The 55-year contract was awarded to VINCI airports in 2010.
The concession included the construction and operation of another airport in Nantes, which the government scrapped in January this year. Thus, the government intends to sign a new concession contract for the operation of the airport, which will include renovations scheduled for 2021.
The compensation due to VINCI is estimated to be around EUR200 million (US$233.1 million).