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Tue November 13 2018

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Bouygues prepares to start on €331m Zagreb airport terminal

6 Dec 13 The ZAIC-A consortium has reached financial close for the Zagreb airport concession. It has signed financing agreements with the scheme’s lenders and the Croatian Ministry of the Sea, Transport & Infrastructure.

The consortium is made up of Aéroports de Paris Management, Bouygues Bâtiment, TAV Airports, Viadukt, the Marguerite Fund and IFC). Together they hold a 100% stake in the operating company Me'unarodna Zračna Luka Zagreb (MZLZ).

This agreement marks the financial closing of the concession project, the commencement of airport operations by MZLZ and the beginning of construction work on the new airport terminal. Ownership breakdown of the capital in MZLZ is as follows: Aéroports de Paris Management , 20.77%; Bouygues Bâtiment International, 20.77%; Marguerite Fund, 20.77%; IFC, 17.58%; TAV Airports, 15.0%; and Viadukt, 5.11%.

The concession contract includes the financing, design and construction of a 65,000m2 airport terminal to replace the current one, now at saturation point. It also covers operating the entire airport for close to 30 years; including the runways, the current passenger terminal during the entire construction period, the new terminal once it is completed, the cargo terminal, car parks and future property developments.

The project involves a total investment of €331m (£275m): €243mn for the design and construction of the new terminal and €88m for the maintenance of the airport infrastructure over the entire period of the concession.

Construction work will last three years and will be carried out by Bouygues Bâtiment International in conjunction with Viadukt and other Croatian contractors.  

Once completed, the new terminal – scheduled to be delivered at the end of 2016 – will be capable of handling five million passengers annually, compared to the current capacity of two million passengers. The financial lenders for this project are the European Investment Bank (EIB), IFC, Unicredit Bank Austria and Deutsche Bank.

MPU

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