Financial advisor to VINCI Airports for the concessions of 7 Airports in Cape Verde

#cape verde, #infrastructure, #airports

Project description

VINCI Airports has signed a 40-year concession contract with the Government of Cape Verde for the operation of seven airports in the country:

  • four international airports: Praia, Sal, São Vicente and Boa Vista,
  • three domestic airports: São Nicolau, São Filipe and Maio.

VINCI Airports together with its Portuguese subsidiary ANA will be in charge of operations, maintenance, financing, expansion and modernisation of the airports.  VINCI Airports also intends to execute its environmental action plan, which includes the generation of solar and wind power.

The concession contract was signed in July 2022. Financial close was reached in July 2023 with a group of DFI including IFC, Proparco and DEG. The concessionaire secured a EUR 60m Sustainbility-Linked Financing with a 20-year tenor.   The sustainability objectives are based on a commitment to progressively reduce carbon emission on the airports and to meet the Airport Carbon Accreditation.

Resonance Advisory is proud to be part of this first airport SLF.

Our role

Resonance Advisory has been mandated by VINCI Airports to assist it in the structuring of a financial offer for this project. Resonance Advisory will continue supporting VINCI airports until reaching financial close.

Our mission includes:

  • Development of a complete financial model for the operation of 7 airports;
  • Assistance in structuring a competitive offer for the project;
  • Assistance in negotiating with potential lenders.

🗹 financial structuring 

🗹 financial modeling 

🗹 transaction management