VINCI Airports has announced that its 100% subsidiary ANA (Aeroportos de Portugal) has signed an agreement with the Portuguese governement concerning a major extension of the airport capacity in the Lisbon Region.

ANA will invest EUR1.15 billion (US$1.32 billion) in the region by 2028, including EUR650 million (US$745 million) for the first phase of the extension of Humberto Delgado Airport, the existing Lisbon airport, and EUR500 million (US$573 million) for the opening of a new civil airport at Montijo military Air Base, located 25km from the city centre.

ANA operates Humberto Delgado under a concession contract expiring in 2062. The extension will enhance the airport's hub function, through additional contact positions and reduced connecting times. In contrast, the new airport at Montijo will offer point-to-point transit, with a flexible, cost-effective and sustainable focus, and a new generation terminal.

These investments will create a new dual system of airport infrastructures to serve the region of Lisbon. With a target capacity of 48 Air Traffic Movements (ATM) per hour in Humberto Delgado and 24 ATM per hour in Montijo, this system will be able to absorb the expected growth of traffic until the end of the concession, which remains unchanged in 2062.

The agreement signed seals the consensus reached between ANA and the government on the main technical, operational and financial aspects of the project as well as the evolution of the future economic regulation. Its terms will be fixed in an addendum to the concession agreement, which should be signed in 2019 once the environmental authorisations have been obtained.

The investments will be entirely financed by the private sector, including an additional EUR156 million (US$178.8 million) to compensate the Air Force and to contribute to access works in Humberto Delgado and Montijo.