Greek Terna signs €262mn agreement with Vinci on the upgrade of Belgrade airport

Greek Terna signs €262mn agreement with Vinci on the upgrade of Belgrade airport
By bne IntelliNews January 21, 2019

Greek company Terna S.A. has signed a €262mn deal on the upgrade and reconstruction of Belgrade airport Nikola Tesla, as part of a joint venture with Vinci Airports, the concessionaire of the airport in the Serbian capital.

French company Vinci became the concessionaire of Belgrade airport for a period of 25 years in March 2018. Terna is a subsidiary of the Greek GEK Terna Group.

The project will be implemented as part of the joint venture Vinci 51%/Terna 49% for a period of five years, Terna said in the statement. The deal was signed on January 18.

The project includes a series of infrastructure overhauls aimed at developing and upgrading the airport’s capacity and operating conditions, and will also enable airlines to offer new routes and increase passenger and cargo traffic.

In particular, the construction of new facilities with a total area of ​​42,000 sqm is envisaged, as well as the restoration of existing terminal facilities with area of ​​15,000 sqm.

The project also includes the construction of a new 3,500 metre runway, upgrading an existing 3,400 metre runway as well as construction of new car parks.

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