Vinci, Dominican Republic to Extend Airport Concession Contract by 30 Years
December 22 2023 - 2:36AM
Dow Jones News
By Andrea Figueras
Vinci Airports said it reached an agreement with the Government
of the Dominican Republic to extended an airport concession
contract for 30 more years.
The contract, which will run until 2060 following the extension,
is for the French construction company's subsidiary Aerodom, Vinci
said on Friday.
Vinci will make an upfront payment of $775 million to the
Dominican State and will invest $830 million in the airports'
infrastructure throughout the concession period, the company
said.
It will be responsible for financing, operating, maintaining,
developing and upgrading the modernization of the airports under
concession, it said.
The company will also build and operate a new passenger terminal
at Santo Domingo airport and will continue to implement its
environmental action plan, it said.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
December 22, 2023 03:21 ET (08:21 GMT)
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