Aeroportos de Portugal signs agreement to finance Lisbon airport expansion

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Aeroportos de Portugal (ANA), the operator of 10 airports in Portugal and a subsidiary of Vinci Airports, as signed an agreement with the Portuguese government to increase the airport capacity in the Lisbon region.

As part of the agreement, ANA will invest €1.15bn (US$1.32bn) by 2028, including €650m (US$745m) for the first phase of the extension of the existing Lisbon airport, €500m (US$573m) for the opening of a new civil airport in Montijo and €156m (US$179m) will be invested to compensate the Air Force and to contribute to access works in Humberto Delgado and Montijo.

The investment project will see a new dual system of airport infrastructures to serve the region of Lisbon, enhancing the hub function of Humberto Delgado Airport through additional contact positions and reduced connecting times, and a point-to-point flexible, cost-effective and sustainable airport in Montijo, located near the city center and offering a new generation terminal. Both airports will provide a modern and improved passenger experience.

Nicolas Notebaert, CEO of Vinci Concessions and president of Vinci Airports, said, “This project and this investment we are announcing today (January 8) mark a new confirmation of  the two main commitments we took six years ago, when we first applied for the privatization of ANA: to contribute to the development of the Portuguese economy by increasing traffic, and to invest in infrastructure to support future growth.

“Traffic in Lisbon has already increased by almost 100% in the last six years and here we are again announcing new investments after the €200m (US$229m) we have already invested in the different Portuguese airports.”

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With a decade of experience in trade publishing, Hazel first joined UKi Media & Events in 2011 as assistant editor before progressing to editor of Business Airport International. After taking 18 months off to bring up her daughter and try her hand at marketing copywriting, she returned to UKi Media & Events in January 2018 to do what she loves best – magazine editing!

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