Vinci Airports, which operates six airports within the Dominican Republic, has been granted a 30-year extension of its concession contract at Santo Domingo within the capital, in addition to Puerto Plata, Samana, La Isabela and Barahona and the nationwide airport of Arroyo Barril.

The French airport operator has been overseeing operations on the six airports since 2016 via its subsidiary Aerodom. According to the prolonged settlement, will probably be answerable for financing, working, sustaining, growing and upgrading the modernisation of airports beneath the concession settlement. Most notably will probably be tasked with constructing and working a brand new US£250 million passenger terminal at Santo Domingo Airport, the place it would additionally proceed to implement its environmental motion plan, together with the growth of solar energy vegetation and deployment of wastewater remedy plant in addition to waste sorting centres.

The settlement will see Aerodom make upfront funds to the Dominican state of US$775 million instantly and an additional US$475 million on the monetary shut of H1, 2024. The corporate can even make investments US$830 million within the airports’ infrastructure, together with the funding within the new Santo Domingo terminal.

Since Aerodom joined the Vinci Airports’ portfolio, site visitors on the Domincan hubs its operates have grown by 6% between 2016 and 2019 and reached from January to November  2023, +17% of 2019 ranges for a similar interval. In 2022, Aerodom’s contribution to Vinci income and Ebitda was €191 million and €161 million respectively.