Saturday, January 6, 2018

VINCI wins Belgrade Airport concession


The French concession and construction company VINCI has submitted the best bid for the 25-year concession for the financing, development through construction and reconstruction, maintenance and management of infrastructure of Belgrade Nikola Tesla Airport, the Public Body overseeing the process has announced. The French came ahead of three consortia who also submitted binding bids. The government will now enter into direct negotiations with VINCI, with the deal expected to be finalised by late March. The concession and construction company will provide an up-front payment of 501 million euros, a further annual tax payment of between five and sixteen million euros and has obligated itself to invest 732 million euros into the airport.

VINCI Airports is one of the top five international players in the airport sector with 132.3 million passengers handled in 2016 and 35 airports operated worldwide. In Europe, VINCI runs ten airports in Portugal (44.5 million passengers), thirteen airports in France (16.7 million passengers) including Lyon-Saint Exupéry and Lyon-Bron (9.6 million passengers). Outside of Europe, VINCI holds concessions for the three international airports in Cambodia (seven million passengers). In Chile, VINCI Airports, through a consortium with ADP and Astaldi, operates Santiago-Arturo Merino Benítez Airport (19.2 million passengers). In the Dominican Republic, VINCI Airports operates six airports (4.7 million passengers), while in Japan, the company holds the concession, as part of a consortium with Japanese partners, for the two Osaka airports (40.1 million passengers).

VINCI Airports key data (click to enlarge)

VINCI announced its intention to vie for a concession of Belgrade Airport back in 2014, inking a Memorandum of Understanding for the development of joint projects. At the time, Vinci Airports Chairman, Nicolas Notebaert, said, "VINCI Airports have an ambition to cooperate on the development of Belgrade Airport and other Serbian airports. We are interested in long-term partnerships". The French company lost out in a bid to acquire a majority stake in Ljubljana Jože Pučnik Airport in 2014, for which it offered just over 100 million euros.

The concession process commenced on February 10, with 27 companies expressing initial interest. Under the terms of the concession, the individual bidder or consortium cannot hold more than 20% of the share capital or voting rights of an airport with more than one million passengers located within a 450 kilometre radius from Belgrade. As a result, this immediately disqualified Aéroports de Paris, the Marguerite Fund, Bouygues Bâtiment International, TAV Airports, Limak and Fraport. Apart from VINCI, binding bids were also submitted by the consortium made up of Meridiam Eastern Europe Investments, Zurich Airport International and Eiffage, a consortium consisting of Incheon International Airport Corporation, IC Ictas Altyp Iyitirimlari VE Isletme and VTB Capital Infrastructure Holdings Limited, as well as the consortium comprising of GMR Infrastructure Limited and Terna S.A. (Tourist Technical and Maritime Society Anonymous).

151 comments:

  1. wow congratulations. I think it's a good company and the price and planned investment budget is very good.

    ReplyDelete
  2. Maybe we see Air France return? :) good work overall.

    ReplyDelete
    Replies
    1. Hope so. I don't think there is much Vinci can do for this summer but we can hope for a good summer 2019.

      Delete
    2. And TAP too ;) we will see. Time will tell.

      Delete
    3. Would be nice
      https://i.imgur.com/LCw9iyM.jpg

      Delete
    4. I think AF wouldn't bother coming back as long as they have the interline with JU. Though a 05.00 departure from BEG would do wonders for connectivity in CDG. Joon maybe?

      Delete
    5. They have a codeshare, not interline.

      Delete
    6. They actually have both.

      Delete
  3. I'm glad a European company won. Vinci is a big and serious company. The up front payment is above expectations.

    ReplyDelete
    Replies
    1. Ovako veliku sumu niko nije očekivao. Francuzi su izgleda uvereni u velike potencijale Bg aerodroma.

      Delete
    2. A gde su sada one sveznalice koje su jučer pisali kako je ponuđeno 20% manje od planiranog i da vlada zato kasni da objavi tender. Mislim ljudi su toliko pakosti da počnu i sami sebe uveravati u laži. Odličan posao BEG ..svako dobro u narednih 25 godina

      Delete
  4. Nice and good work. Can't wait to see what they have planned.

    ReplyDelete
  5. Incheon would be a better choice, just my opinion.

    ReplyDelete
    Replies
    1. Ne bi bio. Koreja je daleko, Francuska je ovde, član EU, tako da neće imati motiv da sputavaju razvoj Bg-a. Plus je ovim kupljena i politička podrška, a i dobro je da se saradjuje i da ovde ulažu i Francuzi, Kinezi, Arapi, Nemci..Ovakva odluka je odlična.

      Delete
  6. Thank god. And now I hope a new management team will take over.

    ReplyDelete
    Replies
    1. And an end to the taxi mafia :D

      Delete
    2. Truth be told they fixed this issue by placing a taxi booth at the luggage pick up area. Naturally you still have some vultures waiting outside but they are not as many as before.

      Delete
    3. That taxi booth is a nightmare too. I tried using that 'service' twice and both times there was some issues with road works and we had no choice but to take the long way to my hotel. The 3rd time it happened again and I've never taken the service again. They should be selling the voucher to travellers who exchange it with the driver who gets paid by the company instead of doing it the way they do.

      Delete
    4. +1 Aleks

      Nemjee, it is not natural to still have some vultures around. I have been numerous times to some airports in 3rd world countries where constant enforcement keeps vultures away. Zero tolerance can be enforced.

      Delete
  7. Good choice. It was the company with the biggest experience in the job.

    ReplyDelete
  8. Interesting that the French will now control BEG, ZAG and partially PRN.

    ReplyDelete
    Replies
    1. Colonization :)

      Delete
    2. True but I believe they are lagging behind , the region has been already colonized by Germany and Austria.

      Delete
  9. Pretty happy with the end result. VINCI has been interested in BEG for a long time and it's good they have no other investment in Eastern Europe.

    ReplyDelete
  10. That's a good deal.

    ReplyDelete
  11. Sad da vidimo planove za prosirenje za tih 700 miliona. Tu ima para i za novu pistu i drugu zgradu.

    ReplyDelete
    Replies
    1. This is the investment over the course of the 25 years. Meaning everything they will do over those years, including regular maintenance which also costs money.

      Delete
    2. Investicija nije sto i odrzavanje ni u Srbiji ni u Francuskoj. Da vidimo tu drugu pistu ne mora da bude 4km.

      Delete
  12. Replies
    1. Yes the decision is published on the airport's website.

      Delete
  13. Let's see how things turn out in the end. BEG is a nice prize as it's an airport that has kept on growing even when Air Serbia stagnated. This only goes to show the true potential of the Serbian market and its catchment area.

    What interests me the most is Vinci's future relationship with Air Serbia. I wouldn't be surprised if one of the first things they do is to send them a new price list. Naturally, it will be lower than what others pay but I doubt it will be as low as it was until now.
    In addition to Air Serbia there is Wizz Air, maybe they will encourage them to base a third aircraft in the city in order to boost revenue... I mean passenger numbers.

    All in all, interesting times ahead and I think the time is right for BEG to start investing in a new terminal. The current one is ok but it's small and outdated.

    ReplyDelete
    Replies
    1. I do think it will become more difficult for Air Serbia not just because of the fees. I'm sure the French will actively persue new airlines. The currrent management didn't deny anyone the right to fly but they did not go out and look for airlines and try to attract them

      Delete
    2. This could be a blessing in disguise as it will force Air Serbia to get its act together. Even though I am sure Vinci will not give them massive discounts, I am confident they will support them in opening new destinations. After all, the more transfer passengers JU brings the more shops they could open and so on.

      Vinci are familiar with lowcost airlines which is why they will make sure W6 keeps on growing in BEG. At the end of the day, if they don't work with them then airports like TZL, OSI, TSR and INI will.

      Who knows, maybe when they open the new terminal they could keep a part of the current one for LCCs. Then again, maybe they won't given the direction JU is unfortunately heading in.

      Delete
  14. I think there will be some good times ahead. I'm glad the airport will no longer be controlled by the state. They could now focus on getting Kraljevo Airport up and running.

    ReplyDelete
  15. i did some mathematics on this case

    - in order to sustain this €1,2bln investment
    - with profitability index of 1.2
    - and discount rate of 10%
    - with annual payments of €10mil to GoS each year

    Vinci would need to see a yearly profit north of €130mil

    that is 5 times current profit and probably not much airports see this profit figures
    looks unreachable

    ReplyDelete
    Replies
    1. I am also puzzled with those numbers. Looks like everyone expects pax bonanza to continue for many years

      Delete
    2. And with assumption that 2/3 of those 732mil ends up in Vinci construction branch these guys would need profit around 90mil
      God knows what they took into account
      Petar Čelik

      Delete
    3. ROFL. Is that the average annual profit over the next 25 years, as in 25*130M=3.25billion EUR? Ofcourse, you can discount it to the present value of all those future profits, but still... where do you come up with these numbers?

      Delete
    4. Never saw an investment without discount

      Delete
    5. Ovde se okupljaju briljantni ekonomisti. Avioni kamioni bitkoini samo prste investicije.

      Delete
    6. Upfront fee is definitely a bumper figure.
      I think the key here is how investment is defined. How much is maintenance and what is the new capital expenditure.
      .

      Delete
    7. Investment is usually implied that it's for something new or for the improvement of something that already exists. Maintenance is not included in this.

      Delete
  16. Hope it works out. The airport concessions in ex-yu have so far turned out ok.

    ReplyDelete
    Replies
    1. I don't agree that this is the case for LJ. Fraport isn't better than the old state structure that led the aiport in the past.

      I was for the privatisation but now I see it as a colonisation. They bought the market to feed their hubs and LJ is getting only peanuts.

      Delete
    2. Yeah but the Slovenian market is rather small so what could you expect? They brought JP back so that's something, no?

      Delete
  17. Big win for Belgrade. I really never thought they would get anywhere near what they were asking for. Good times ahead for Belgrade if all this is realised.

    ReplyDelete
  18. Why just 25 yrs? That's not that much for a concession.

    ReplyDelete
    Replies
    1. wouldn't be surprised if it a bit longer then 25 years.

      Delete
    2. Time je uspeh Beograda još veći i pokazuje koliko je ozbiljan potencijal aerodroma, kada se Vinci obavezao na ovakve uslove u pogledu cene i investicija.

      Delete
  19. Nice. So what happens now? When do they officially take over the airport?

    ReplyDelete
    Replies
    1. They have 60 days from yesterday to sign the contract. So I assume everything will be done by the end of March like the transport minister said last month.

      Delete
    2. I think it was mentioned recently by Ex-Yu that the takeover will happen in August.

      Delete
    3. 1 August has been set as the last possible date for the takeover but I think it will happen earlier.

      Delete
  20. Well at least we know why Macron announced 2 weeks ago that he is coming to Belgrade.

    ReplyDelete
  21. If something looks too good to be true probably it is not

    ReplyDelete
    Replies
    1. The only difference here is that the price was hiked this much because the four companies were outbidding each other for the airport. Basically it worked like an auction.

      Delete
  22. Over 500 million :O That is huge. Someone mentioned yesterday they have an info it is under 350 million :D

    Passenger numbers better sky rocket or else Vinci might lose money considering they have spent so much.

    ReplyDelete
    Replies
    1. Well, BEG's growth has been above what it was predicted. They said it would be 7% while in reality it has been closer to 10%.

      I expect the first five months to be also as much.

      Delete
  23. France and Iran have a very good relationship and Macron has been really vocal about the ongoing sanctions (Total anyone..?).
    With Serbia's push into the Iranian market I am sure we will see a lot more flights.

    I hope Air Serbia stays away from IKA, let others who are competent to operate flights.

    ReplyDelete
    Replies
    1. "Serbia's push into the Iranian market" - what exactly are you talking about?

      Delete
    2. Removal of visas, introduction of direct flights, promotion of economic and cultural ties...

      Delete
  24. In January 2017 BEG handled 329.714 passengers. Let's hope we have between 350.000 and 360.000 this year.

    ReplyDelete
  25. Two things worthwhile noting, as said by the President a few minutes ago

    - Another two companies were extremely close to getting the concession but VINCI won because of employee relations and policy
    - There will be no sacking of workers
    - No restrictions in the agreement that would bar the development of other airports in Serbia.

    ReplyDelete
    Replies
    1. Sorry meant to write three things :)

      Delete
    2. The last point is important as it will not create another idiotic scenario like the one in Albania.

      This could mean that at some point when INI develops some more they will also look to sell it.

      Delete
  26. Can someone tell me what are the CONFIRMED changes (positive and negative) for BEG this year?

    ReplyDelete
  27. Interesantna recenica oca nacije

    "Da nismo napravili Er Srbiju ne bismo mogli da dobijemo više od 50 miliona evra, dodaje"

    ReplyDelete
    Replies
    1. Well I wouldn't agree about not getting more then 50 million but I do agree (shockingly for once) with him that they would never get 501 million without Air Serbia.

      Delete
    2. "U ugovoru stoji da će 10 miliona putnika da imamo 2030, a više od sedam miliona 2024. godine, naveo je predsednik Srbije."

      Delete
    3. Da li to Srbija garantuje ili Vinci? Ako ne bude kao sto stoji u ugovoru, ko placa penale? Nesto mi govori da to nije Vinci.

      Delete
    4. Od Vucica:

      "...Imali smo problem sa rastom aerodroma u Sofiji i Zagrebu. Beograd je pametno postupio i zato uspeo da dobije značajno više od Zagreba, koji je za koncesiju dobio 865 miliona evra ukupno", naglasio je Vučić.

      Istakao je da je ukupna vrednost našeg ugovora za više od 50 odsto veća od onog koji je Zagreb ostavrio, što je ogroman uspeh za Srbiju koja nije članica EU."

      Ne razumijem njegovu potrebu da u svim mogućim temama i obraćanjima za javnost spominje Zagreb/Hrvatsku.

      Usput, čestitke BEG i nadam se da će ugovor biti dobro sastavljen!

      Delete
    5. Није споменуо само Хрватску већ и Бугарску што има логике пошто су то аеродроми са приближно истим бројем путника који су пролазили кроз процес концесије баш као и Београд.
      Да је процес успешно окончан у Бугарској верујем да би споменуо и вредност њихове концесије.

      Delete
    6. - if they plan ~7,5mil pax till 2024 that's 4.5% growth each year

      - if they plan 10mil pax till 2030 thats 5% growth each year from 2025-2030

      again, looks stretched, but BEG was growing surprisingly good even with JU stagnating. although number of pax has grown, but number of aircraft movements remained pretty much similar

      Delete
    7. Why would it be stretched if this year BEG grew by some 9%?

      Delete
    8. yeah, as i wrote beg grew surprisingly good. but i expect growth to plateu at some point.

      Delete
    9. Why? The airport keeps on adding flights which means even more people will use it from its large catchment area. Don't forget that BEG is the only airport in the Balkans, next to IST, to have year-round flights to New York.

      Delete
    10. Athens is not in the Balkans?

      https://www.flightradar24.com/data/flights/ek209

      Delete
    11. Forgot about that but let's see how long that lasts given all the European cuts this coming summer.

      Either way, Belgrade's location is better than Athens'.

      Delete
    12. Please don't compare Belgrade to Athens. In any way possible. No need to explain why.

      Delete
    13. We are comparing their geographical locations which is a valid point to discuss. The conclusion is that BEG has a more favorable one. Unfortunately the airport has not used it the way it was supposed to.

      Unfortunately these things don't matter to you as you never miss a chance to attack Belgrade.

      Delete
    14. Why has Beg better location than Athens? This isn't road traffic, everything is reachable through air and distances are short and let's not forget Greece torism industry.
      Its not like Balkans are gateway to any continent.


      On the question why am i bearish on pax growth:
      - Ju is stagnating, with further cuts expected on account of charter 737 and scheduled traffic atr's, with all 7 planes (1/3 of ju fleet) being 30+ years old
      -I dont believe these newly launched lounghaul routes are profitable so after initial bump we may see withdrawal. If i am wrong than it is to the fact that i just dont see so much traffic with china, india, morocco and iran. And we already know jfkis a money losing business. So in the next 3 years wecould actually see these routes dying andthen nobody will try using beg as entry poimt for europe
      -i don't see much new potential for gastarbeiter routes. Wizz just rationalized their routes, we saw some routes even from INI not performing as planned. All growth here will probably come from adding more flights on existing routes.
      -i dont believe serbia economy will get drasticallybetter with this level of corruption and this much educated people leaving country


      However, i keep getting it wrong every year and BEG just keep on adding~10% each year where i saw maybe 3-5% potential

      Also altough i strongly suspect serbia tourist potential, since we are startong from zero, and goverment is doing something to actually atract tourists, we will devinetly see some growth from there

      Delete
    15. You said it yourself, you keep on being proven wrong so listen to those who got it right in the past.

      As for BEG's location, have a look at a map and you will see what I am talking about. Belgrade's catchment area is also much larger. Without tourism Athens would be as busy as Bucharest.

      Delete
    16. So Zagreb's total concession is worth 865 million Euro's.... I didn't realise it was that much. I learnt something from Vucic lol

      Delete
    17. Was it €865 million or did he use wrong information?

      Delete
    18. Sounds about right. After 350 million for the new terminal it means they pay the Croatian government about 17 million per year.

      Delete
    19. That's not bad, I think it's more than what they received before teh concession.

      Delete
    20. This is why governments shouldn't run anything. Private sector always does a better job.

      Delete
  28. Big day for Serbia aviation and passengers. :) I think the mix of politics&economy have win... I'm certainly now we'll see much more French vocal support of Serbia accession to the EU as well

    ReplyDelete
    Replies
    1. https://www.blic.rs/vesti/politika/vucic-i-makron-razgovarali-o-evropskom-putu-srbije/egecnfc

      Delete
  29. Alen Šćuric Purger 17.08.2016 "Da li beogradski aerodrom treba dati u koncesiju":
    "Ako Srbija ispregovara koncesiju na 25 godina u kojoj će koncesionar:
    – odmah platiti 310 milijuna EUR
    – platiti još 300 milijuna EUR u 30 godina koncesije
    – investirati 700 milijuna EUR investicija
    onda premijeru treba podići spomenik nasred aerodroma jer to bi bila, definitivno, jedna od najboljih koncesija koju je netko dobio do sada."

    ReplyDelete
    Replies
    1. that's the same guy who forsaw chinese getting the concession while they were drowning in debt?

      Delete
    2. I evo-dobili smo to. Znači podižemo Vučiću spomenik..

      Delete
    3. Šališ, nadam se.

      Delete
    4. Devil will be in the detail. Just wait for the final deal to be signed. Vinci as per the graphic above has a bit of a debt problem too which this concession will just add too. Still an excellent result for Belgrade which like I mentioned earlier I too thought they were looking for way too much.

      Delete
  30. This is a very good decision to be given to an European company.

    ReplyDelete
  31. 501 million!!!! wow... thats awewome... i am super happy for my airport and my country. i wish Vinci all the luck and the airport to grow even more. so sad that we had so many haters here all thr time saying it wont reach even 350 million... time after time haters have to sit and watch good things happend... and this will continue.

    ReplyDelete
  32. iz kompanije je obećano da neće biti otpuštanja radnika, a kompanija Vensi erports ima ugovornu obavezu da ne menja cenu aerodromske takse.

    ReplyDelete
    Replies
    1. ..da ne menja takse tri godine.

      Delete
    2. Па добро, цене у Београду су више него коректне. Нису ниске а нису ни високе.

      Delete
    3. Da li neko moze da napravi razliku izmedju "UGOVORNE OBAVEZE" o nemenjanju cene aerodromske takse i "OBECANJA" da nece biti otpustanja i da zakljuci preko cijih ledja ce se ovo lomiti? Pametnom dosta. Hvala.

      Delete
    4. Vazno da ste vi uvek najpametniji

      Delete
  33. Anyone know why was JU's a332 at YYZ yesterday?

    ReplyDelete
    Replies
    1. Massive snow storm in New York. Many airlines had their flights divert to other cities. TK's JFK flight ended up in IAD.

      Delete
  34. Good work Serbia.

    ReplyDelete
  35. These are the results of the predictions for the concession winner:

    https://imgur.com/a/xqCTU

    1. Koreans (19 votes)
    2. Vinci (10 votes)
    Zurich (10 votes)
    4. Indians (1 vote)

    ReplyDelete
    Replies
    1. I was one who had hoped for the Koreans, but the Vinci deal seems to be ok.

      Delete
  36. Hey BEG, SOF here. CONGRATULATIONS! What a good start of the year for Serbia.
    Agreed with most comments that it is better to have a European company managing.
    Meanwhile HNA Group are most likely to take over PDV, however not official yet.
    As for SOF, the process is still slow and bureaucratic and the terminal is getting crowdier every year.

    ReplyDelete
    Replies
    1. Didn't the tender for SOF fail?

      Delete
    2. According to the last info from October 2017, the process will be renewed within 3 months and the choice to be of the consessionaire by the end of 2018.

      Delete
    3. But didn't SOF get a new terminal a few years ago? Also a direct metro connection to the city?

      Delete
    4. Terminal 2 was built 12 years ago, connecting the airport to the city, while Terminal 1 is urgent need of reform. Possible scenario to demolish T1 and simply expand existing one.

      Delete
    5. I think investors are also waiting to see what will become of the fight between Bulgaria Air, Ryanair and Wizz Air.

      Delete
    6. It might end up as peaceful coexistence. haha ahha ah ...

      Delete
  37. Turkish Airlines will be sending its A330-300 to OTP twice a day this summer. I am sure they could have sent the A330-200 on at least one of their daily flights to BEG if there was no capacity restriction.

    ReplyDelete
    Replies
    1. You mean if there was no Atlas Jet and their 10 weekly flights?

      Delete
    2. Tarom and Pegasus also fly to between OTP and IST.

      Delete
    3. Otp doesnt have capacoty restriction like at beg

      Delete
    4. anon 09.08 yes but anon at 07.41 implied that BEG has more competition to IST than OTP which is ludicrous.

      Delete
    5. They have pretty much equal competition. Until recently BEG had double daily to AUH besides QR and FZ which both BEG and OTP have et voilà.

      Delete
    6. Look at the frequencies and the seats offered to Turkey and the Persian Gulf and you will see that BEG is among the last from the bigger airports in the wider Balkan region. I mean even OTP has double the passengers and SOF overtook them a few years ago.

      Delete
    7. You sure about that? Are you counting SU flights as well?

      Delete
    8. No, Moscow doesn't count.

      Delete
    9. It does. Since at 4 daily flights it provides a shi*load of connections to the East that almost neither of the Balkan airports have.

      Delete
    10. I wrote airports in Turkey and the Persian Gulf, not overall in Europe!! Please read before commenting.

      Delete
    11. Preko Moskve za ME?
      Pobogu, zasto?

      Delete
    12. Мислим да човек није причао да се лети преко Москве за Блиски исток већ за источну Азију, то јест државе као што су Јапан, Кореја, Кина, Тајланд...

      Delete
    13. Anon 09:38 and i meant that beg would also have those planes flying there if it wasnt for restrictions!

      Delete
  38. Congratulations to Vinci and BEG, fantastic numbers.

    If I remember details right, Božidar Đelić should be soon laughing all the way to the bank to cash in additional 3mil for the Lazard part.

    Let's wait for investment schedule to be rolled out in the coming months before making infrastructure comments. However based on mild growth projections until 2024 and 3y fixed fee clause, SOF scenario can be ruled out in the short to mid term. Sorry W6 but this is great news for Air Serbia. Hope they will get love they deserve and a (new?) terminal they were promised in a JU/EY TFA.

    Remember all the hate JU got for "not paying their bills" to BEG airport? Looks like they got it all back now, multiplied many times over, by being key driver for jacking up the price to spectacular 501mil upfront fee.

    ReplyDelete
    Replies
    1. Recently there was a calculation circling around that Serbia has already invested about 500mil€ in JU (debts, unpaid airport fees, subsidies...). and if it continues to pump ~35mil€ in JU, then we obviusly have a problem

      Delete
    2. You do have a problem taking "calculations circling around" seriously. For starters, debt is jat problem and it would not go away even if Air Serbia was not created. Take it out of equation to start.

      Delete
  39. Cestitke Francuskoj kompaniji VINCI za dobijanje koncesije za Srpsku vazdusnu luku. Mir i zadovoljstvo da sa nama vlada.
    Srecan Bozic.
    Rodney.

    ReplyDelete
  40. the chocolates in the box (read state concessions) must have been really, really big for such big upfront payment and such total amount to be payed over 25 years. Don't forget that the contract between State and Etihad is still top secret (i.e. it is hidden from the public how much money has been thrown into JAT/AS and how much is yet to be thrown in in coming years) and also, don't forget the Zagreb saga (initial contract good for state, but with annexes total disaster). Not to mention Budapest. As far LJU goes, state was not such a bad owner, far from it. It was the political class which was messing with it. And at the end it was the private shareholders which blocked the development.

    ReplyDelete
  41. VINCI PR: https://www.vinci.com/vinci.nsf/en/press-releases/pages/20180106-1534.htm

    "The 25-year concession contract covers financing, operation, maintenance, extension and upgrade of the existing airport terminal and runways. The contract is expected to be signed in the first quarter of 2018, with VINCI Airports then taking over operation by the end of this year, following financial close."

    Infographic: https://www.vinci.com/commun/communiques.nsf/3454858C8BC6BF62C12582050046932D/$file/VINCI-Belgrade_Infog-En.pdf

    ReplyDelete
    Replies
    1. Thank you for the links. I found this paragraph extremely interesting:

      As concessionaire, VINCI Airports will aim at improving airport operating conditions to enable Air Serbia to offer new long-haul routes as part of its hub strategy. VINCI Airports will build on its partnerships with over 200 airlines to further increase the airport’s traffic and connectivity, in line with Serbia’s strong economic growth potential.

      //////////////////////

      As someone mentioned on here, we could see Air France (Joon or HOP!), TAP... return to Belgrade most likely from 2019.

      Would be nice if they actually encouraged HOP! to launch LYS-BEG.

      Delete
    2. Or transavia :)

      Delete
    3. Upgrade and extension of the existing terminal? EXISTING? WTF where is the mention of the NEW terminal??? Send French home and bring back Koreans to build the new terminal!

      Delete
    4. If somebody plans only 10 milions till 2030.then it is really enough to upgrade and expand T2.

      Delete
    5. Well extension could be the new terminal from A5 onwards.

      Delete
    6. There is no new terminal planned in that area. Look at the last four pictures, they are just a renovated concourse:

      http://www.exyuaviation.com/2017/02/photos-belgrade-airport-overhaul.html

      Without completely new terminal over the course of next 25 years this whole concession is shaping up to be a major disaster.

      Delete
    7. You haven't even seen the concession agreement and you already know it's a disaster. LOL. BTW there are also plans to expand on the C side.
      http://www.exyuaviation.com/2015/08/belgrades-t2-expansion-to-begin-in.html

      Delete
    8. No one mentioned concession agreement. Vinci mentioned on their official web site that existing terminal will be expanded and upgraded but no mention of the new terminal. There is still time to make Vinci commit to building a new terminal in an upcoming concession agreement.

      Provided link talks about extension of the C concourse, adding 4 more gates to the current terminal T2. That extension will not have any curbside arrival/departure functions, it will not have outgoing nor incoming border control, it does not have baggage sort nor baggage claim functions etc. That is not a terminal, just a concourse extention. Look at ATL airport for distincion between terminal and a concourse.

      So yes, I already know that concession is going to be a disaster IF there is no new terminal.

      Delete
    9. Is a new terminal needed when their goal is 10m passengers in 15 years?

      Delete
    10. Stated goal is 10mil by 2030 which is 12 years from takeover, not 15. Concession is on a 25 year term. What happens then with the growth from year 2030 to 2043? By one scenario traffic could grow to 15-20 mil by 2043. Current airport capacity with latest works is pushed to about 7-7,5 mil and it can't be doubled. New terminal is not needed in the next couple of years, but is absolutely needed during the 25 year term.

      Delete
  42. Dolazak koncesionara, Francuske kompanije VINCI
    jeste nesluceni razvoj aerodroma Nikola Tesla.
    O takvoj reorganizaciji i razvoju celog komplesa aerodroma su se crtali planovi, izgovarale zelje decenijama. Ovoga puta ce za pet godina biti mnogo novog uradjeno. A za deset nece se prepoznati. Ovog puta objektivno i istinito.
    Hvala koncesiji i koncesionarima. Dobri danii dolaze. Vreme je za rad i upornost i za radost ljudi koji vole preporod avijacije i aerodroma Srbije. "Nama dobro i nikome zlo"!.
    Uz pozdrav HRISTOS SE RODI!
    Rodney.
    Kraljevo Sydney

    ReplyDelete

EX-YU Aviation News does not tolerate insults, excessive swearing, racist, homophobic or any other chauvinist remarks or provocative posts with the intention of creating further arguments. A full list of comment guidelines can be found here. Thank you for your cooperation.