BELGRADE (Serbia), November 6 (SeeNews) – The European Bank for Reconstruction and Development has approved a project finance loan of up to 100 million euro ($114 million) to Vinci Airports Serbia, the concessionaire of Belgrade Nikola Tesla international airport, the lender said.
The loan was approved by the board on October 31, the EBRD said in a notice published on its website.
The loan will be co-financed with other international financial institutions, including the International Finance Corporation (IFC), France's Proparco and Germany's DEG.
Serbia's government said in March it signed a 25-year concession agreement for the operation of Belgrade Nikola Tesla Airport with France's Vinci Airports, the world's fourth-largest airport operator.
Under the terms of the concession agreement, Vinci Airports will pay 417 million euro to the Serbian government and 84 million euro to the retail shareholders of the Belgrade airport operator Aerodrom Nikola Tesla for the concession plus an annual concession fee of between 4.4 million euro and 15.1 million euro.
($ = 0.877388 euro)