France’s Vinci Airports has won a 25-year concession tender for the Belgrade Nikola Tesla Airport, offering EUR 501 mln for the concession and an additional EUR 732 mln investment in the airport development over the 25-year period, the Serbian government announced after an extraordinary government session on Friday, January 5.

Of these, the state that owns 83 pct of the shares of Aerodrom Nikola Tesla, the Belgrade airport operator, will receive EUR 417 mln, while small shareholders, institutional investors and individuals will collect about EUR 84 mln. This means that Aerodrom Nikola Tesla stakeholders will receive a dividend of RSD 1,740 (EUR 14.6) per share.

Vinci said its Vinci Airports unit expects to sign the concession contract during the first quarter and take over operations by the end of this year after completing financing for the deal.  The annual concession fee will be EUR 16 mln.

Sasa Vlaisavljevic, director of the Aerodrom Nikola Tesla company, stated that the value of the airport has increased by more than hundreds of millions of euros over the past four years, total revenues jumped by 45 pct, the number of passengers by 51 pct, and the airport’s capacity from 5 to 7.5 million passengers.

According to Serbian President Aleksandar Vucic, Vinci plans to increase the number of passengers served from 5.34 million in 2016 to 7.9 million by 2024, and 10 million by 2030. By the end of the concession period, i.e. by 2043, the number of passengers should reach 15 million.

Vinci operates 35 airports in seven countries and three continents – 12 in France, 10 in Portugal, six in the Dominican Republic, three in Cambodia, two in Japan and one in Chile and Brazil each.