Montijo airport: Financing agreement signed on Tuesday

The Portuguese State and ANA – Aeroportos de Portugal are to sign a financing agreement on 8 January for the expansion plan for Lisbon’s supplementary airport at Montijo on the South bank of the River Tagus.

The signing of the financing agreement will take place at 3pm at the Montijo Air Base at a ceremony which will involve the participation of the CEO of Vinci Concessions, Nicolas Notebaert, and Vinci CEO and Chairman Xavier Huillard, as well as the Portuguese Prime Minister, António Costa.

In addition to the new infrastructure at Montijo, the financing agreement to increase airport capacity will also pertain to upping airport capacity at the existing Humberto Delgado airport.

The agreement between ANA-Aeroportos de Portugal and the State was expected to be signed in October according to the calendar for the Memorandum of Understanding which also indicated the end of 2018 for ANA to deliver the additional documents required by the Portuguese Environment Agency (APA) and including the Environmental Impact Study.

In the chapter on financing and contractual framework, the document indicated July as the cut off for the State to give “provisional approval for the applicant,” while the “binding agreement and contract alteration” between the State and ANA was foreseen between August and October 2019.